Bursa, Turkey - Asko Sinai Ve Teknoloji Uretim Sanayi Ticaret A.S., (ASKO Holding) an agricultural machinery company, has successfully completed acquisition of Buhler Industries Inc., an agricultural machinery manufacturer. This marks the conclusion of a strategic two-phase investment designed to elevate Buhler Industries value and establish it as a strong global player in agricultural machinery.
ASKO initially acquired a majority stake in Buhler Industries in 2023 at a share price of $1.15. After more than a year of focused business development and transformation efforts, ASKO completed the full acquisition in March 2025 by purchasing the remaining shares at $7.30 each. The 535% increase in share value underscores the success of ASKO’s strategic investment and transformative initiatives.
Mr. Sami Konukoglu, Chairman of ASKO Holding, said, “When we made our initial investment, we recognized the immense potential within these brands and the people that drive them. As we move forward, we remain focused on enhancing customer value and expanding market reach. Together, we are setting the stage for a future where Buhler Industries and its Versatile and Farm King brands will thrive. Buhler Industries is a welcome addition to the ASKO Holding family. We continue to grow globally in the agricultural and construction machinery sectors, aligning with our long-term vision."
Over the past 15 months, Buhler Industries has undergone significant transformation. A comprehensive review of operations led to improved resourcing, streamlined processes, and a sharpened focus on customer collaboration. Versatile and Farm King actively engaged with dealers and farmers to ensure their insights guided product development and operational improvements.
Enhanced supply chain management has reduced delays, controlled costs, and improved delivery timelines. Meanwhile, investments in modern manufacturing technologies have elevated product quality and supported the company's plans for sustained growth. A renewed commitment to innovation has fueled the development of new equipment tailored to meet the evolving demands of modern agriculture.
Now, with full ownership under ASKO, Buhler Industries plans to broaden its product lineup and expand into new global markets, reinforcing its commitment to customer-centric growth and technological advancement.
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