PRESS RELEASE 24.09.2020

24.9.2020

Mahindra & Mahindra increases its stake to 74.97% in Sampo Rosenlew

Mahindra & Mahindra increases its stake to 74.97% in Sampo Rosenlew


Pori, September 24, 2020: Mahindra & Mahindra Ltd. today raised its shareholding in Sampo Rosenlew Oy to 74.97 %. Mahindra & Mahindra has been a shareholder in Sampo Rosenlew since July 2016. Since then the two companies have closely worked on a global alliance to drive the growth of their combine harvester and forest machine businesses in various parts of the world. In line with Mahindra’s governance principles for associate companies Sampo-Rosenlew will continue to be run as a stand-alone, independent business unit while simultaneously leveraging synergies where possible.


Mahindra & Mahindra is the world’s largest farm tractor manufacturer by volume. Harvesting machinery is the second largest category in the global farm equipment industry. Mahindra’s scale in tractors and Sampo’s expertise in combine harvesters allows both companies to offer a broader product portfolio to address the needs of farmers in various countries. Sampo brings to Mahindra world class technology in combine harvesting for the core Mahindra markets of India, Asia and Africa. The Mahindra backing provides Sampo with growth opportunities in newer export markets, also enabling Sampo to leverage Mahindra’s strength in manufacturing, sourcing, and distribution.


Mr. Jussi Malmi, Chief Executive Officer, Sampo-Rosenlew said, “Mahindra’s increased shareholding will enable Sampo Rosenlew to further build on a successful alliance. Sampo will benefit from Mahindra’s global scale in farm equipment and contribute to the growth of Mahindra’s combine harvester business line.”


About Sampo Rosenlew
Sampo Rosenlew Ltd. located in Pori, Finland has a turnover of around Euro 50 million. The company's main products are combine harvesters and forest machines. Sampo Rosenlew currently sells its machines to over 50 countries and exports approximately 90% of its products. The main markets are Europe, CIS countries, Americas and North Africa.


About Mahindra
The Mahindra Group is a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It enjoys a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company by volume. It also enjoys a strong presence in renewable energy, agribusiness, logistics and real estate development. Headquartered in India, Mahindra employs over 256,000 people across 100 countries.


For more information, please contact: Karl-Wilhelm Hundertmark
Director, Sales and Marketing
Sampo-Rosenlew Ltd
kw.hundertmark@sampo-rosenlew.fi
Tel. +358 40 67 44 302

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