Following the binding agreement signed on 5 November, 2024, AMA – an Italian leader in providing solutions and components for off-highway vehicles – has successfully closed its acquisition of the agriculture division of CMR Group. This strategic move marks a significant milestone for AMA, as it expands its footprint in the agricultural machinery sector.
The transaction involves AMA acquiring 100% of the share capital of CMR Agriculture and 51% of the share capital of Taizhou CMR Machinery. These entities collectively form the agriculture division of CMR Group, which specializes in the design, manufacturing, and commercialization of critical components such as gearbox housings, reducers, drive shafts, disc bars, and spare parts. These components are integral to machinery used in agricultural, forestry, and gardening applications.
Alessandro Malavolti, CEO of AMA, expressed enthusiasm about the acquisition, stating, “The announcement made last November is now materializing into a decisive strategic step for our growth. This acquisition allows us to expand our product range, enhance our innovation capabilities, and strengthen our leadership in international markets.” The integration of CMR Group’s agriculture division is expected to bolster AMA’s market position by leveraging the acquired company’s expertise and product portfolio.
Ezio Paganelli, sole director of CMR Group, echoed similar sentiments, highlighting the benefits of joining forces with AMA. “We are proud to have built, over the years, a high-quality product range recognized worldwide. This acquisition represents an extraordinary opportunity to ensure continuity and further development of our work within a strong group like AMA.” The acquisition is poised to benefit both companies by combining their strengths and resources, fostering innovation and growth in the agricultural machinery sector.
The implications of this acquisition are far-reaching. For AMA, it means a broader product offering and enhanced capabilities in research and development. For CMR Group, it ensures the continuation and expansion of its high-quality product range under the umbrella of a larger, more robust organization. The deal is set to create synergies that will drive innovation and efficiency, ultimately benefiting end-users in the agricultural, forestry, and gardening industries.
