Kverneland Group and Kubota to acquire an 80% stake in ROC.

Kverneland Group, a provider of soil and seeding equipment, and Kubota, a tractor and heavy equipment manufacturer, agreed to acquire an 80% stake in ROC, a producer of mergers located in Italy. Financial terms were not disclosed. "ROC Company is further strengthening Kverneland- and Kubota Group’s strategic commitment to hay and forage harvesting by adding the important merger product line and achieving synergies between the two companies," Shingo Hanada, Kverneland CEO.