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New Deal


Announced

Titan Machinery to acquire O’Connors for $63m.

Financials

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Transaction Value£58m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA3.43x
Share Price Premium-
One Off Charge-

Tags

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agricultural machinery

Australia

Machinery: Agricultural

Acquisition

Cross Border

Private

Majority

Pending

Friendly

Single Bidder

Synopsis

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Titan Machinery, a network of full-service agricultural and construction equipment stores, agreed to acquire O’Connors, a case IH dealership group in Australia, for $63m. "We are pleased to announce our definitive agreement to acquire O’Connors, Australia’s leading Case IH dealership group. This transaction marks our entry into the Australian agriculture market, as we continue to seek opportunities for Titan to expand its reach, both domestically and abroad. O’Connors’ operating metrics, core values, and customer-centric focus align with our own, making them a great partner for our entry into the Australian agriculture market, which is benefiting from strong fundamentals that are being driven by enhanced productivity, economies of scale, and farmer profitability," David Meyer, Titan Machinery Chairman and CEO.

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