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(Camso video screengrab)

Michelin to buy ag track maker Camso

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The Michelin Man is set to take on much more field work with a US$1.45 billion deal for Quebec off-the-road track and tire manufacturer Camso. The deal, pending regulatory approval, calls for France’s Michelin to combine its off-the-road (OTR) business with Camso in a new division. “By joining forces with Camso, Michelin will create the
Kongskilde’s Vibro Till 2900 SF and other tillage equipment lines are set to become part of New Holland. (Kongskilde.com)
Crops

New Holland buying into tillage equipment market

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U.S. ag equipment giant New Holland is set to enter the tillage equipment business and stretch out its space in the hay and forage market, with a deal for Danish manufacturer Kongskilde Industries. New Holland’s parent CNH Industrial on Monday announced it will buy Kongskilde’s agricultural “grass and soil” business from Dansk Landbrugs Grovvareselskab (DLG
(Greg Berg photo)
Crops

Deere challenges U.S. federal block on Precision Planting bid

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Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice’s lawsuit to block the acquisition. Deere announced its planned acquisition of Precision Planting in November 2015, for
(FlexiCoil.com)
Crops, Markets

CNH to cut, lay off staff in Saskatoon

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Under pressure from “market conditions,” farm equipment giant CNH plans both job cuts and layoffs at its Flexi-Coil seeding and tillage equipment plant in Saskatoon. CNH Industrial said in a statement it will begin cutting 75 full-time positions at the plant in May. Employees were informed Monday of the coming cuts, the company said. Another
News

CNH Joins New Spinoff From Fiat

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The amicable divorce between Italian auto-maker Fiat and its combined ag and industrial businesses, including Case IH, New Holland and Steyr, has been made official. Fiat Industrial, which officially “demerged” from Fiat on Jan. 1 and began trading on Italy’s MTA stock exchange, has named the new executive body that will oversee the company’s operations.
News

The life of a logo

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Versatile’s history as a brand dates back to the mid-1940s in a Toronto backyard. That’s where Peter Pakosh in 1945 developed a new type of grain auger, as described in Versatile Tractors: A Farm Boy’s Dream, a 2003 coffee table book by Pakosh’s grandson Jarrod. The elder Pakosh’s company expanded into field sprayers and harrow
Opinion

Machinery makers find shelter in global storm

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In a world where heavy equipment sales are stalling due to the housing slump and credit crisis, the farm market is a rarity: a place where demand is still outstripping supply and many customers are still paying with cash. The question is: How long can the agricultural market shelter the equipment companies from the financial

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