Same Deutz denies takeover rumors
The British web-based publication Stackyard reported in its February 24, edition that Same Deutz-Fahr, one of the world’s leading manufacturers of tractors, combine harvesters, specialist harvesters, diesel engines and farm machinery, in response to the recent rumors published on the internet regarding Kubota’s interest in potentially buying the Group, denies that there are any such negotiations underway and adds that there has never been any contact between SDF and Kubota in this regard.
“We are determined to pursue our strategy for growth, which requires us to stay independent and keep developing new products and expanding into emerging markets through joint ventures and acquisitions,” says Lodovico Bussolati, CEO of Same Deutz-Fahr.
The Same Deutz-Fahr (SDF) Group of Treviglio (BG) is one of the world’s leading manufacturers of tractors, harvesters, diesel engines and farm machinery. The company’s products are manufactured and marketed all over the world under the SAME, DEUTZ-FAHR, LAMBORGHINI, HÜRLIMANN and GRÉGOIRE brands.
The Group makes tractors ranging from 30-300 horsepower and harvesters from 100-400 horsepower.
SDF has more than 2,800 employees all over the world and owns more than 25% of the shares in DEUTZ AG, one of the world’s biggest independent diesel engine manufacturers, listed on the Frankfurt Stock Exchange.