RAUCH Landmaschinenfabrik GmbH has been acquired by Kuhn Group
Kuhn Group, a division of Bucher Industries AG, has acquired a 24% minority interest in German-based RAUCH Landmaschinenfabrik GmbH (RAUCH). The interest will be in the form of newly issued capital. The parties have agreed not to disclose the financial terms.
RAUCH is a family-owned company. By concentrating clearly on its core metering and spreading technologies, continuously investing in the business and focusing strongly on the needs of farmers and contractors, RAUCH has become a European leader in fertilizer spreaders.
Kuhn Group, a division of Bucher Industries AG, is the world's leading manufacturer of specialized agricultural machinery, with a focus on hay and forage harvesting, livestock feeding, bedding and tillage. It has manufacturing facilities located in France, the Netherlands, the US and Brazil. Kuhn Group markets its products on five continents and generated sales of over US$1 billion 2009 with some 3,150 employees.
Oaklins' team in Germany acted as financial advisor to the seller in this transaction.
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