02 June 2026

Buhler Versatile is planning to acquire the operational activities of ATLAS Construction Machinery Company; the parties have made significant headway on key terms of the acquisition.

ATLAS Construction Equipment Company and Canada-based Buhler Versatile have reached a pivotal milestone in their negotiations, securing alignment on key commercial terms for the acquisition of ATLAS's operational business. As a prominent player in the North American agricultural machinery sector, Buhler Versatile operates its primary manufacturing facilities in Winnipeg, Manitoba, Canada.

The proposed transaction entails the acquisition of assets and associated activities belonging to ATLAS's operating companies. This strategic move marks a defining turning point in ATLAS's restructuring, carving out a concrete roadmap for the company's future. Beyond business operations, the planned acquisition is also set to integrate a portion of the current ATLAS workforce.

Buhler Versatile operates under ASKO Holding, a global powerhouse with a deep footprint in the construction and agricultural machinery sectors across Türkiye, Canada, and the USA. As a strategic investor specializing in the construction and agricultural machinery industries, ASKO Holding views the proposed acquisition as a vehicle for significant synergies, particularly in expanding its product portfolios and broadening its market access.

ATLAS—with its deep-seated manufacturing expertise, rich heritage, established brand equity, robust dealer network, and solid customer base—serves as a highly complementary fit for ASKO Holding’s current operations. Furthermore, the planned acquisition is designed to strengthen Buhler Versatile’s presence in Europe. By joining the extensive industrial platform under the Buhler Versatile umbrella, ATLAS is poised to secure a much stronger footing to capitalize on future market opportunities.

About ATLAS

Headquartered in Ganderkesee, ATLAS is a premier German construction machinery manufacturer specializing in the development and production of wheeled and crawler excavators, as well as loader cranes. For over a century, ATLAS has been synonymous with robust, durable, and highly reliable machinery, serving customers across Germany and international markets through a deeply anchored dealer and service network.

For further information: www.atlasgmbh.com

About Buhler Versatile

Buhler Versatile Inc. stands as Canada’s sole agricultural tractor manufacturer. Headquartered in Winnipeg, Manitoba, the company designs, manufactures, and markets a comprehensive portfolio of agricultural equipment under its flagship Versatile brand. This product range includes high-horsepower articulated 4WD tractors ranging from 175 hp to 620 hp, available in both wheeled and DeltaTrack configurations, as well as advanced tillage and seeding equipment.

As an industry pioneer in the mass production of articulated four-wheel-drive tractors, Versatile centralizes its manufacturing operations at its Winnipeg facility. The company serves diverse global markets through a robust international dealer and service network. Demonstrating its strategic ambitions, Versatile recently marked a powerful return to the stage with its largest-ever showcase at the Agritechnica trade fair in Hannover, underscoring its commitment to expanding its footprint across Europe.

For further information: www.versatile-ag.com

About ASKO Holding

ASKO Holding is a globally active, premier industrial group based in Türkiye, operating across the construction machinery, agricultural equipment, and related industrial sectors.

As part of its international growth strategy, the group first acquired USA-based AXCS Lifts, a manufacturer of aerial work platforms, with operations in Wisconsin. Following this investment, ASKO further solidified its position as an international manufacturing powerhouse in the construction and agricultural machinery industries by acquiring Canada’s sole tractor manufacturer, Buhler Industries Inc.

The proposed acquisition of ATLAS represents a vital stride in ASKO Holding’s strategy to expand its European footprint, integrating ATLAS’s deep-seated heritage, robust dealer network, and strong operational competencies in the construction machinery sector into the group's expansive global industrial platform.