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Press release 08.05.2019

Bucher Municipal strengthens its presence in Asia by acquiring Zynkon

Bucher Municipal, a division of Bucher Industries, is acquiring 100% of the Chinese sewage tanker manufacturer Zynkon. This allows the division to access the growing Chinese market for sewage cleaning vehicles and to strengthen its presence in Asia.

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Corporate Communications
Silvia Oppliger and Prisca Wolfensberger
+41 43 815 80 40
media@bucherindustries.com

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Bucher Industries acquires Montana in Brazil

Bucher Industries’ division Kuhn Group, which specialises in agricultural machinery, and the owners of Montana Indústria de Máquinas S.A. (“Montana”) have signed acquisition agreements.

Best result in the Group’s history

In the 2013 business year, Bucher Industries increased sales by 3% to CHF 2 691 million and operating profit by 24% to CHF 287 million. The operating profit margin reached an outstanding 10.7%. Profit for the year rose by 26% to CHF 196 million. The board of directors is proposing a dividend of CHF 6.50 per share to the annual general meeting of 10 April 2014.

Strengthening agricultural machinery business in Brazil

Bucher Industries and the owners of Montana Indústria de Máquinas S/A (“Montana”), one of the leading self-propelled sprayer manufacturers in Brazil, signed a principal understanding for an acquisition of Montana by Bucher’s Kuhn Group division.

Strong increase in order intake

Bucher Industries increased its order intake by 9% to CHF 2 718 million in 2013. Sales reached CHF 2 691 million, 3% above the high level in 2012. Compared with the previous year, the Group expects 2013 to bring a substantial increase in operating profit and profit for the year.

Change in group management

Michel Siebert, member of group management and division president of Kuhn Group, will retire at the end of September 2014. The board of directors of Bucher Industries has nominated Thierry Krier, the long-term president and CEO of Kuhn North America, as his successor. Thierry Krier will become a member of group management and assume the role of division president of Kuhn Group effective 1 October 2014.

Changes to the board of directors and group management

The board of directors of Bucher Industries will submit a proposal to the annual general meeting on 10 April 2014 to elect Valentin Vogt to the board. Stefan Düring is to replace Jean-Pierre Bernheim as a member of group management and president of the Bucher Specials segment with effect from 1 January 2014.

Order intake rises by 11%

In the first nine months of the current business year, Bucher Industries increased its order intake to CHF 1 961 million, a rise of 11%. All the divisions contributed to this positive development. Sales reached CHF 2 001 million, 4% higher than for the same period last year. For the 2013 business year as a whole, the Group is expecting a slight increase in sales and a further improvement in operating profit and profit for the year.

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