Live Breaking News & Updates on S Proud To Announce The Acquisition Of Thaler Gmbh Amp Co Kg That Specialises In Wheel Loader Manufacturing And Is Based Out Polling

New Delhi [India], February 28 (ANI/PNN): India's No1 tractor exports brand, International Tractors Limited has always keeps an eye on dynamically changing market requirements and keep innovating futuristic technologies. Solis Tractors & Agricultural Machinery, the flagship company of ITL in Netherlands Europe, is proud to announce the acquisition of Thaler GmbH & CO. KG that specialises in wheel loader manufacturing and is based out of Polling, Germany. Taking its supreme legacy and expansion drive forward in FY'23, the latest acquisition by Solis will entail an investment of Rs 200 crores and complement ITL advanced portfolio with high-quality wheel loaders in 19-75 HP range. Wheel loader market offers huge growth potential with annual sales of more than 80,000 units and Thaler GmbH & Co KG is a well-established player in Europe. Post-acquisition, Thaler will continue to operate with an unchanged brand identity. It will be led by Mr Manfred Thaler, as the Managing ....

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