04 ott 2024
Seko Industries, backed by Ibla Capital, has acquired the Kongskilde brand from CNH, marking a significant step in its expansion strategy.
The acquisition aims to establish a hub in agricultural mechanization, with production shifting from Poland to Italy.
Seko plans to double its workforce and rebuild Kongskilde's supply chain in Italy, creating a substantial market impact.
This move is expected to boost Seko's annual revenues significantly by 2026.
The acquisition also enhances Seko's product offerings and market reach, particularly in Europe, the Americas, and Southeast Asia.
Seko Industries, a company with nearly five decades of expertise in livestock feeding mechanization, has acquired the historic Kongskilde brand from CNH. This acquisition is part of Seko's strategy to expand its presence in the agricultural mechanization sector and compete internationally.
The production of Kongskilde products will move from CNH's facility in Kutno, Poland, to Seko's headquarters in Curtarolo, Italy.
Seko plans to double its workforce over the next two years, adding both production and specialized technical and commercial roles.
The company also intends to reconstruct Kongskilde's supply chain in Italy, leveraging local production partners and creating a market worth over 50 million euros in the next five years.
Seko, a global leader in mixer wagons, exports more than 80% of its production and aims to increase its annual revenues to 30 million euros by 2026.
Kongskilde, founded in Denmark in 1949, offers a range of agricultural machinery, including mixer wagons and equipment for soil preparation and forage production.
Alessandro Lo Savio, CEO of Ibla Capital, highlights the complementary nature of Seko and Kongskilde's market presence, with Seko strong outside Europe and Kongskilde within.
The combined networks will strengthen their positions in existing markets and target new ones, particularly in the Americas and Southeast Asia, with a keen eye on the Indian market.