ASKO Sinai ve Teknoloji Üretim Sanayi Ticaret Anonim Şirketi (ASKO), a wholly owned subsidiary of ASKO Holding in Turkey, has completed the acquisition of Buhler Industries Inc., parent company to the Versatile and Farm King brands in Canada.
This concludes a strategic two-phase investment aimed at substantially enhancing Buhler Industries’ value and solidifying its position as a solid international player in the agricultural manufacturing sector.
On December 28, 2023, ASKO acquired a majority stake of Buhler Industries, at $1.15 per share and began investing in a corporate transformation. After over a year of business development, ASKO finalized the complete ownership acquisition by purchasing the remaining shares on March 28, 2025 at $7.30 per share. With a rise in share price from $1.15 to $7.30, the company realized a 535% increase in value, result of the successful acquisition and its transformative strategy.
“When we made our initial investment, we recognized the immense potential within these brands and the people that drive them. As we move forward, we remain focused on enhancing customer value and expanding market reach. Together, we are setting the stage for a future where Buhler Industries and its Versatile and Farm King brands will thrive”, stated Mr. Sami Konukoğlu, Chairman of ASKO Holding. “Buhler Industries is a welcome addition to the ASKO Holding’s family. We continue to grow globally in the agricultural and construction machinery sectors which align with our long term vision.”
Over the past 15 months, Buhler Industries has undergone a wide-ranging transformation. The company started with a deep review of its operations, leading to more effective resourcing and streamlined processes. Versatile and Farm King have actively engaged with dealers and customers, fostering collaboration and ensuring their insights guide the company’s continued development.
Improved supply chain management has helped reduce delays, manage costs, and speed up delivery times. At the same time, investments in modern technology and manufacturing operations have advanced product quality and positioned the company for sustained growth. A renewed focus on innovation has also aided the development of equipment tailored to the evolving needs of today’s farmers.
Now under full ASKO ownership, Buhler will broaden its product lineup and expand into new markets.
