According to overseas media reports, Chery Heavy Industries Co., Ltd. recently participated in the acquisition of Norwegian Grand Group, the world’s largest agricultural machinery manufacturer.
It is reported that Chery Heavy’s proposed bid of NOK 9.50 per share, or a total of USD 250 million per share, exceeds the original bid of 8.50 kroons per share proposed by Kubota before. Kubota is Japan's largest agricultural machinery manufacturer.
It is understood that Gran Group is the world's largest professional agricultural tool manufacturing company headquartered in Norway. Gran Group is a strong company with 12 sub-brands, sales of over 500 million euros in 2004, more than 2,900 employees worldwide, a large multinational company, and factories in seven countries. Since 2000, Gran Group has actively participated in the development of China's agricultural projects. The Gran Group's trail-type corn silage harvesters entered the Heilongjiang market. Over the past five years, the Heilongjiang Land Reclamation Farm has successively introduced more than 500 Grand Silages in the Heilongjiang reclamation area and played an important role in the production of corn silage. The role.
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