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Stoll, the well-known manufacturer of tractor front loaders and attachments that claims to be the second largest producer in the world, has been bought by Czech company Agrostroj Pelhřimov.
German company Stoll, the well-known manufacturer of tractor front loaders and attachments that claims to be the second largest producer in the world, has been brought by Czech company Agrostroj Pelhřimov.
Headquartered in Lengede, close to Hanover, Stoll has production facilities in Germany, Poland and the US, with around 600 employees and a global sales and distribution network that runs to around 5,000 dealers.
Worldwide production is said to be 22,000 units, delivering an annual turnover of €120m.
Claiming to be the leading agricultural machinery manufacturer in Czechoslovakia, the family-owned Agrostroj Group is best known for its drum mowers, while also manufacturing components and machines for the likes of DAF, Scania and Volvo as well as Fendt, John Deere, Krone, Kuhn and Kverneland.
For 2021, the company was aiming for a turnover of around €250m delivered by 2,700 employees before the purchase of Stoll, so together, the two operations are expected to deliver a combined turnover of around €400m.
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