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Titan Machinery Completes Acquisition of Farmers Implement & Irrigation

1. Titan Machinery acquires Farmers Implement & Irrigation in South Dakota. 2. The acquisition enhances Titan's New Holland presence in the region. 3. Farmers Implement generated approximately $20 million in revenue in 2024. 4. The deal aligns with Titan's strategic growth initiatives and customer care strategy.

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FAQ

Why Bullish?

The acquisition increases revenue potential and market presence, boosting investor confidence.

How important is it?

The acquisition directly affects TITN's growth strategy, enhancing its overall valuation and market position.

Why Long Term?

Long-term benefits from expanded market share and customer loyalty will stabilize revenues over time.

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CNHIDECAT
May 16, 2025 16:05 ET  | Source: Titan Machinery Inc. WEST FARGO, N.D., May 16, 2025 (GLOBE NEWSWIRE) -- Titan Machinery Inc. (Nasdaq: TITN), a leading network of full-service agricultural and construction equipment stores, today announced that it has completed the acquisition of the dealership assets of Farmers Implement & Irrigation, a two-store New Holland dealership in Brookings and Watertown, South Dakota. The transaction closed on May 15, 2025. For the full calendar year 2024, Farmers Implement & Irrigation generated revenue of approximately $20 million. Bryan Knutson, Titan Machinery Chief Executive Officer, commented, “This acquisition aligns with our strategic growth initiatives and allows us to expand our New Holland presence in the productive eastern South Dakota region. We are honored to build upon the strong foundation that David Gullickson and his family established over his remarkable 53-year career. Their commitment to customer service aligns perfectly with our customer care strategy and has created a loyal customer base that we look forward to serving.” About Titan Machinery Inc. Titan Machinery Inc., founded in 1980 and headquartered in West Fargo, North Dakota, owns and operates a network of full service agricultural and construction equipment dealer locations in North America, Europe and Australia, servicing farmers, ranchers, and commercial applicators. The network consists of US locations in Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Washington, Wisconsin, and Wyoming. The international network includes European stores located in Bulgaria, Germany, Romania, and Ukraine and Australian stores located in New South Wales, South Australia, and Victoria in Southeastern Australia. The Titan Machinery locations represent one or more of the CNH Industrial Brands, including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, and CNH Industrial Capital. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com. Investor Relations Contact:ICR, Inc.Jeff Sonnek, jsonnek@icrinc.comManaging Director646-277-1263

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