Mahindra & Mahindra Ltd. has acquired a 75.1 percent stake in Turkish tractor manufacturer Hisarlar for $19 million, marking its entry into the European farm equipment market.
Target Information
Mahindra & Mahindra Ltd.’s farm equipment division has made a strategic entry into the European market by acquiring Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi, a prominent Turkish tractor manufacturer. Mahindra secured a controlling 75.1 percent stake in Hisarlar for $19 million through an equity investment involving the issuance of fresh shares.
Hisarlar is notable within the Turkish agricultural sector, boasting a significant 45 percent market share. The company holds numerous patents which strengthen its competitive edge in the market, making it an attractive target for Mahindra’s expansion plans in Europe.
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Industry Overview in Turkey
The Turkish farm equipment industry has shown robust growth, fueled by advancements in agricultural technology and increasing demand for efficient farming solutions. With a s
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Mahindra & Mahindra Ltd.
invested in
Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi
in
in a Buyout deal
Disclosed details
Transaction Size: $19M
Equity Value: $19M