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In March 2020, Kubota Corporation acquired a 10% stake in Escorts Limited for ₹ 1,042 crore (US$140.62 million) through preferential allotment, while Escorts Limited acquired a 40% stake in Kubota's Indian subsidiary, Kubota Agri Machinery India Pvt Ltd, for ₹ 900 crore (US$121.46 million). [7]
Kubota Corporation (株式会社クボタ, Kabushiki-kaisha Kubota) is a Japanese multinational corporation based in Osaka.It was established in 1890. The corporation produces many products including tractors and other agricultural machinery, construction equipment, engines, vending machines, pipe, valves, cast metal, pumps, and equipment for water purification, sewage treatment and air ...
New Holland is a global full-line agricultural machinery manufacturer founded in New Holland, Pennsylvania, and now based in Turin, Italy.New Holland's products include tractors, combine harvesters, balers, forage harvesters, self-propelled sprayers, haying tools, seeding equipment, hobby tractors, utility vehicles and implements, and grape harvesters.
The sale encompassed all construction equipment from Massey. It was then purchased by Case Corporation in 1997. [28] In 1994, Massey Ferguson's worldwide holdings were purchased by the United States–based AGCO Corporation for US$328 million in cash and $18 million in stock. [29] [30]
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In 1869 Case expanded into the steam engine business and, by 1886, Case was the world's largest manufacturer of steam engines. [citation needed] The company's founder died in 1891 at the age of 72. In 1892, Case was the first company to build a diesel-powered tractor. [2] In 1911, The J.I. Case Company had three cars in the first Indianapolis 500.