The privately owned company Montana with headquarters in São José dos Pinhais near Curitiba, Brazil, is a leading manufacturer of trailed and large self-propelled sprayers in Brazil. Montana is especially well represented in the important large scale commercial farming sector of Mato Grosso and other large states where Montana holds a strong market position. Recently Montana used its self-propelled expertise and entered the new and rapidly growing self-propelled fertilizer spreader market. Having around 600 employees Montana generated sales of approximately BRL 225 million in 2013. The acquisition is subject to signing a definitive transaction agreement as well as to certain actions and approvals. Closing is expected to take place during the first semester 2014.

An acquisition of Montana would not only provide Kuhn Group with the opportunity to complement its present product offering in Brazil, but also with the possibility to reach customers in the important and growing large scale commercial segment. The combined present and future product portfolio would increase Kuhn’s attractiveness towards the dealer network. Further it provides Kuhn Group access to Argentina with a local manufacturing platform and significantly reinforces the position of Kuhn Group in South America. Montana would profit from the financial strength of the Bucher Group, which would allow faster product and service development, from the strong dealership network of Kuhn do Brazil, and from the extensive know-how and experience of Kuhn Group in agricultural machinery.

Further to closing of the transaction Kuhn Group would continue to operate Montana with the current management and employees. It is planned that the Chairman of Montana, Gilberto Zancopé, would become special adviser of Kuhn Group in Brazil and a shareholder of Bucher Industries AG.

Kuhn Group is the world's leading manufacturer of specialised agricultural machinery, with focus on hay and forage harvesting, livestock feeding and bedding, tillage, seeding, fertilisation, spraying and landscape maintenance. It has manufacturing facilities located in France, the Netherlands, the USA and Brazil. Kuhn Group markets its products on all five continents. In 2013 the division generated CHF 1 286 million in sales and had 4 700 employees.

Simply great machines

Bucher Industries is a global technology group with leading market positions in speciality areas of mechanical and vehicle engineering. The company's operations include specialised agricultural machinery, municipal vehicles, hydraulic components, manufacturing equipment for the glass container industry, and for wine and fruit juice production, as well as automation technology. The group's shares are traded on the SIX Swiss Exchange (SIX: BUCN).