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INGERSOLL TO ACQUIRE CONTROLLING INTEREST IN SPANISH AGRICULTURAL MACHINERY MANUFACTURER
Source: Ingersoll Tillage Group news release

The Shareholders of North American Tillage Tools Co (doing business as Ingersoll Tillage Group (ITG)) and Corporacion Patricio Echeverria (CPE) are pleased to announce that an agreement has been reached where ITG will acquire the majority controlling interest in CPE. 

The transaction is expected to close in the coming weeks and is subject to normal Anti-trust and customary conditions precedent.

The new group will create the only truly global manufacturer and supplier of agricultural tillage, seeding and sugar harvesting products and solutions as well as bring renewed excitement to the hand-tool business.

The Shareholders of ITG have communicated their commitment to investing in and growing the combined business globally while continuing operations similar to how they run today.


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