Titan Machinery Announces Divestiture of its Dealership Operations in Germany
Titan Machinery (Nasdaq: TITN) announced planned divestitures of its German dealership operations via two separate asset sale transactions to existing New Holland dealers.
The company said the sales support CNH Industrial's dual-brand strategy, align with Titan's effort to optimize its global footprint, and allow Titan to exit the German market to concentrate resources where returns are stronger. The transactions are expected to close within 120 days, subject to customary closing conditions and regulatory approvals, and are expected to result in a pre-tax loss of approximately $3 million to $4 million.
Titan Machinery (Nasdaq: TITN) ha annunciato la prevista cessione delle sue operazioni di concessionaria tedesche tramite due separate operazioni di vendita di asset a rivenditori New Holland esistenti.
L'azienda ha detto che le vendite sosterranno la strategia a doppio marchio di CNH Industrial, si allineano agli sforzi di Titan per ottimizzare la propria impronta globale e permetteranno a Titan di uscire dal mercato tedesco per concentrare le risorse dove i rendimenti sono più forti. Le operazioni dovrebbero chiudersi entro 120 giorni, soggette alle consuete condizioni di chiusura e alle approvazioni normative, e dovrebbero comportare una perdita ante imposte di circa 3 milioni a 4 milioni di dollari.
Titan Machinery (Nasdaq: TITN) anunció las desinversiones previstas de sus operaciones de concesionarias alemanas a través de dos operaciones de venta de activos a concesionarios de New Holland existentes.
La compañía dijo que las ventas respaldan la estrategia de doble marca de CNH Industrial, se alinean con el esfuerzo de Titan para optimizar su huella global y permiten que Titan salga del mercado alemán para concentrar recursos donde los rendimientos sean más fuertes. Se espera que las transacciones se cierren en un plazo de 120 días, sujeto a las condiciones de cierre habituales y a las aprobaciones regulatorias, y se espera que resulten en una pérdida antes de impuestos de aproximadamente 3 a 4 millones de dólares.
Titan Machinery (나스닥: TITN)은 독일 딜러십 운영의 매각을 기존 뉴 홀랜드 딜러들에게 두 건의 자산 매각 거래로 발표했다.
회사는 매각이 CNH Industrial의 듀얼 브랜드 전략을 뒷받침하고 Titan의 글로벌 발자국 최적화 노력과 일치하며 Titan이 독일 시장에서 벗어나 수익이 더 높은 곳에 자원을 집중할 수 있게 할 것이라고 말했다. 거래는 일반적인 마감 조건 및 규제 승인을 조건으로 120일 내에 마감될 것으로 예상되며, 추정되는 세전 손실은 약 300만~400만 달러로 예상된다.
Titan Machinery (Nasdaq: TITN) a annoncé des cessions prévues de ses activités de concessionnaires allemandes via deux transactions distinctes de vente d'actifs à des concessionnaires New Holland existants.
L'entreprise a déclaré que les ventes soutiennent la stratégie à double marque de CNH Industrial, s'alignent sur l'effort de Titan pour optimiser son empreinte mondiale et permettent à Titan de quitter le marché allemand afin de concentrer les ressources là où les rendements sont plus élevés. On s'attend à ce que les transactions se clôturent dans 120 jours, sous réserve des conditions de clôture habituelles et des approbations réglementaires, et elles devraient entraîner une perte avant impôt d'environ 3 à 4 millions de dollars.
Titan Machinery (Nasdaq: TITN) kündigte geplante Desinvestitionen seiner deutschen Händlertätigkeiten durch zwei separate Asset-Sale-Transaktionen an bestehende New Holland-Händler.
Das Unternehmen sagte, dass die Verkäufe CNH Industrials Doppelmarken-Strategie unterstützen, mit Titans Bemühungen übereinstimmen, seine globale Präsenz zu optimieren, und Titan ermöglichen, den deutschen Markt zu verlassen, um Ressourcen dort zu bündeln, wo die Renditen höher sind. Es wird erwartet, dass die Transaktionen innerhalb von 120 Tagen abgeschlossen werden, vorbehaltlich üblicher Abschlussbedingungen und behördlicher Genehmigungen, und voraussichtlich zu einem Vorsteuer-Verlust von ca. 3 bis 4 Millionen USD führen.
Titan Machinery (Nasdaq: TITN ) أعلنت عن مخططات لبيع أصول عمليات وكلاءها في ألمانيا من خلال صفقتين منفصلتين لبيع الأصول إلى وكلاء نيو هولاند الحاليين.
قالت الشركة إن المبيعات تدعم استراتيجية CNH Industrial ذات العلامتين التجاريتين، وتتوافق مع جهد Titan لتحسين بصمته العالمية، وتسمح لـ Titan بالخروج من السوق الألماني لتركيز الموارد في الأماكن التي تكون العوائد فيها أقوى. من المتوقع أن تغلق الصفقات خلال 120 يوماً، رهناً بالشروط المعتادة للإغلاق والموافقات التنظيمية، ومن المتوقع أن تسفر عن خسارة قبل الضرائب تُقدّر بنحو 3 إلى 4 ملايين دولار.
- Planned divestiture of German dealerships via two asset sales
- Expected close within 120 days, providing near-term clarity
- Strategic refocus on markets to improve returns on invested capital
- Expected pre-tax loss on sale of approximately $3 million–$4 million
- German operations have weighed on returns in the Europe operating segment
The Planned Transactions Demonstrate Titan's Focus on Optimization of its Dealership Network
WEST FARGO, N.D., Nov. 10, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN) (“Titan” or the “Company”), a leading network of full-service agricultural and construction equipment stores, today announced plans to divest its dealership operations located in Germany through two separate asset sale transactions. The planned transactions, which involve sales to existing New Holland dealers in the region, support CNH Industrial's (“CNH”) (NYSE: CNH) dual-brand strategy and align with Titan’s continued focus on optimizing its global footprint for enhanced returns on invested capital.
Bryan Knutson, Titan Machinery’s President and Chief Executive Officer, commented, “Our German operations have faced challenges that have weighed on returns within our Europe operating segment, and these planned transactions allow us to exit the German market in a coordinated manner that supports CNH's strategic objectives. We continually measure and benchmark our competitive position across all of our domestic and international markets, focusing our resources on markets where we can best leverage our operational expertise and service network to provide best-in-class service and support to our customers and deliver improved returns for our shareholders.”
These divestiture transactions are expected to close in the next 120 days, subject to customary closing conditions and regulatory approvals. In aggregate, these transactions are expected to result in a pre-tax loss on sale of approximately
About Titan Machinery Inc.
Titan Machinery Inc., founded in 1980 and headquartered in West Fargo, North Dakota, owns and operates a network of full service agricultural and construction equipment dealer locations in North America, Europe and Australia, servicing farmers, ranchers, and commercial applicators. The network consists of US locations in Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Washington, Wisconsin, and Wyoming. The international network includes European stores located in Bulgaria, Germany, Romania, and Ukraine and Australian stores located in New South Wales, South Australia, and Victoria in Southeastern Australia. The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com.
Investor Relations Contact:
ICR, Inc.
Jeff Sonnek, jsonnek@icrinc.com.
Managing Director
646-277-1263
FAQ
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