INDIA’S Mahindra Group has made a foray into the harvester business, taking a 35 per cent stake in Finnish manufacturer Sampo Rosenlew.
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The two companies will work in tandem to grow their harvester business globally.
Mahindra is the world’s leading tractor company by volume, with a presence in world markets including Australia, USA, China and Japan.
Mahindra said the deal will help grow a presence in the global harvester business.
Sampo Rosenlew manufactures mid-sized harvesters and has a joint venture in North Africa and significant business in Europe and Eurasia.
Sampo Rosenlew’s, Jali Prihti, said it was a natural step towards growing market share in Asia, Middle East and Africa.
“We aim to increase the manufacturing volumes in harvesters and components.”
Sampo Rosenlew will build a new range of harvesters for developing markets and specialty crops.
