• 02 Jul, 2025

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Traditional brand sold: Versatile now in Turkish hands.

The Turkish ASKO Holding acquires Bühler Industries completely, including the well-known brand for tracked tractors.

The Turkish ASKO Holding has completed the acquisition of Bühler Industries Inc (Turkish agricultural machinery company acquires world-famous tractor brand). All shares of Bühler Industries Inc., the manufacturer of traditional brands such as "Versatile" and "Farm King" in the agricultural machinery industry, traded on the Toronto Stock Exchange, have been acquired by ASKO Sınai ve Teknoloji Üretim Sanayi Ticaret A.Ş. ("ASKO"). This means that the entire company is now owned by ASKO. Also interesting: Mega order bursts - French agricultural machinery company is insolvent

ASKO acquires Versatile in full

The acquisition process began at the end of December 2023. Now only the final act of the process has been announced. According to a press release, ASKO expects not only a consolidation of ownership but also a "transformation of Bühler Industries into a stronger, more efficient, and more sustainable structure."

ASKO now complete owner

The transformation process, which began with ASKO's acquisition of the majority stake in Bühler Industries from Rostelmash on December 28, 2023, was completed on March 28, 2025. On the specified date, ASKO acquired full ownership of the company by purchasing the publicly traded shares traded on the Toronto Stock Exchange at over 2.44 Canadian dollars (CAD) for a price of 7.30 CAD per share. This transaction triples the market value of the shares.

With material from Asko

The article "Bühler and the brands Versatile and Farm King now completely in Turkish hands" first appeared on Agrartechnik.