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News Breaks
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September 30, 2009
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| 07:01 EDT |  | TITN |
| theflyonthewall.com: | Titan Machinery to acquire two farm equipment dealerships | | Titan Machinery announced that it has entered into a letter of intent to acquire the assets of Oskaloosa Implement, with two Case IH brand agriculture equipment dealerships located in Pella and Oskaloosa, Iowa. The acquisition is expected to close on November 1, 2009. Pella and Oskaloosa are adjacent cities located approximately 55 miles southeast of Des Moines and are well-situated to serve Iowa’s farming community. In its most recent fiscal year ended December 31, 2008, the two dealerships generated revenue of $16.8M. :theflyonthewall.com |
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February 13, 2012
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| 09:04 EDT | | TITN |
| theflyonthewall.com: | Titan Machinery expanding into Bulgaria with acquisition | | Titan Machinery announced that it has entered into a definitive purchase agreement to acquire a majority interest of Rimex, which consists of seven Case IH agriculture equipment dealership locations in the following cities in Bulgaria: Sofia, Dobrich, Burgas, Pleven, Ruse, Montana, and Stara Zagora. The acquisition is expected to close in March. In its most recently reported fiscal year, the seven locations comprising the Rimex network generated revenue of approximately $37M. Rimex will continue to be managed by its current management team, and the former owner will retain a minority interest in the company. :theflyonthewall.com |
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