JAPAN REPORT
Yanmar Holdings announced Aug. 26, 2024, that it will acquire Claas India, a combine harvester and manufacturer in India, and will acquire all its shares Sept. 30, 2024. The amount of the acquisition was not disclosed. The company has been importing and selling combines from outside India but will now start local production. The acquisition will strengthen the company’s business in India, where the market is expanding. Following the acquisition, CLAAS India’s combine harvesters will be produced and sold under the Yanmar brand.
Source: Yanmar Press Release
PSR Analysis: With this acquisition, Yanmar secures a combine harvester production base in India, and also expands its product line by marketing combines manufactured by CLAAS under the Yanmar brand. India is the world’s second largest rice producer and demand for combines is expected to grow steadily in the future. The presence of the Yanmar brand in the Indian combine harvester market will be expanded. PSR
Akihiro Komuro is Research Analyst, Far East and Southeast Asia, for Power Systems Research
