Kuhn Group To Acquire Brazilian Sprayer Manufacturer
French agricultural specialist Kuhn Group announced that it has signed an understanding to acquire Montana Indústria de Máquinas, headquartered in São José dos Pinhais (Paraná), Brazil. No financial details were provided.
Montana is a significant manufacturer of self-propelled sprayers in Brazil. Montana also offers a wide range of three-point mounted, trailed and mistblower sprayers designed for the Brazilian market.
Recently, Montana used its self-propelled expertise to enter the new and rapidly growing self-propelled fertilizer spreader market in Brazil. The acquisition is subject to signing a definitive transaction agreement and to certain actions and approvals.
Closing is expected to take place during the first half of 2014.