ASKO Holding
A wholly-owned subsidiary of ASKO Holding entered into a definitive agreement to purchase 97% of the common shares of Buhler owned by Combine Factory Rostselmash Ltd.
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A wholly-owned subsidiary of ASKO Holding entered into a definitive agreement to purchase 97% of the common shares of Buhler owned by Combine Factory Rostselmash Ltd. MNP Corporate Finance Inc. provided financial and tax due diligence services to ASKO Holding.
Transaction Brief
Basak Traktör Tarim Ziraat Ve Is Makinalari Sanayi Ticaret A.S. ("Basak Traktör"), is a wholly-owned Subsidiary of ASKO Holding and manufactures agricultural related equipment and machinery including the distribution of other agricultural brand machinery.
ASKO Holding is a diversified company with interests in the agricultural machinery, construction equipment, energy and technology space.
Buhler Industries ("Buhler") is headquartered in Winnipeg, Manitoba, Canada and is a publicly traded Company on the Toronto Stock Exchange (TSX:BUI). 97% of Buhler's shares are owned by Combine Factory Rostselmash Ltd.
Buhler manufactures and distributes its product through the brand names Versatile and Farm King. The Versatile line of equipment consists of tractors and tillage equipment. Farm King supplies augers, mowers, bale carriers, snowblowers, and compact implements. Buhler has manufacturing facilities in Winnipeg and Morden (Manitoba) including manufacturing facilities and warehouses in the United States.