OSAKA -- Top Japanese farm equipment maker Kubota announced Thursday that it will purchase major Indian farm equipment maker Escorts for around 140 billion yen ($1.2 billion), turning the company into a subsidiary.
Business deals
Japan's Kubota to buy Indian farm equipment maker Escorts
Deal aimed at raising Japanese company's share in world's largest tractor market
Kubota's purchase of Indian farm equipment maker Escorts aims to raise its share in the world's biggest tractor market. (Source photos by Atsushi Ooka and screenshot from Escorts' website)
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