M&A

M&A

M&M sells Finnish forestry machines arm Sampo Rosenlew to Tera for Rs.52-Cr

BSE Announcement   Business Standard   Sampo Rosenlew Oy  

Publicly listed tractor maker Mahindra & Mahindra has divested its Finnish combine harvester and forestry machines arm, Sampo Rosenlew Oy , to Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA) for INR 52 crore.Founded in 1853, Sampo Rosenlew specialises in manufacturing combine harvesters and forestry machines. In Sep 2016, M&M had acquired a significant stake in Sampo to enter the combine harvester segment and took full ownership in 2022.