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

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.