Go Back   Team-BHP > BHP India > Commercial Vehicles

Thread Tools Search this Thread
Old 21st May 2015, 18:17   #1
Team-BHP Support
Join Date: Feb 2004
Location: Mumbai
Posts: 7,816
Thanked: 27,229 Times
Default Mahindra to acquire 33% stake in Mitsubishi Agricultural Machinery

Mitsubishi Heavy Industries Ltd. (MHI), and Mahindra & Mahindra (M&M), have entered into a strategic partnership in the agricultural machinery field. Under the definitive agreement signed today, Mahindra will invest US $ 25 million for acquiring 33% voting stake in Mitsubishi Agricultural Machinery Co. Ltd. (MAM), a subsidiary of MHI, through fresh issue of common shares and Class A (non-voting) shares of MAM. The deal is expected to be closed by October 1, 2015.

The new funding will be used to increase MAM’s capital base. MAM is a full range agri-machinery company producing and selling tractors, combine harvesters, rice transplanters and other agri-machinery.

Mahindra is the world’s largest tractor manufacturer by volume. MAM has been supplying OEM tractors to Mahindra USA (subsidiary of M&M in the US) as well as providing technical license to Mahindra for walk-behind rice planters and new tractor in India.

Under the new partnership both companies will jointly develop products to address global opportunities in the tractor and agri-machinery space. In addition, the partnership is also expected to enable MAM and Mahindra to improve cost competitiveness though joint procurement and optimize the supply chain.

Mahindra to acquire 33% stake in Mitsubishi Agricultural Machinery-pawan.png
Aditya is offline   (4) Thanks Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
World trade fair for construction machinery pawan_pullarwar The International Automotive Scene 14 17th May 2010 18:40
Ratan TATA donates $50 million to cornell University for Agricultural research rkg Shifting gears 0 21st October 2008 10:11
Farm Vehicles & Agricultural Equipments, Off Highway Workhorse SirAlec Commercial Vehicles 14 12th October 2008 19:52

All times are GMT +5.5. The time now is 02:05.

Copyright ©2000 - 2018, Team-BHP.com
Proudly powered by E2E Networks