22 September 2016, 08:05
The Amazone Group has purchased the plough production facility of the company Vogel & Noot based in Mosonmagyaróvár, Hungary. As part of a bidding consortium, a total of three investors were awarded major parts of the Vogel & Noot Group on September 19th 2016. From this process Amazone secured the plough production including the rights to all the range of ploughs.
As was maybe previously known, the parent company, Vogel & Noot Landmaschinen GmbH & Co KG in Wartberg, Austria, had filed for insolvency at the beginning of August 2016. The subsidiary in Mosonmagyaróvár, Hungary though was not insolvent and will be taken over completely by Amazone.
Amazone will use the Vogel & Noot range of ploughs to complement its own range of products and this acquisition by Amazone will also ensure continuity in the provision of spare parts for the current range of Vogel & Noot ploughs as well.
With this purchase the Amazone Group, currently consisting of five production sites in Germany, France and Russia, now adds this further facility in southeast Europe. The city of Mosonmagyaróvár is located to the northwest of Hungary close to the Austro-Hungarian border.
Source: AMAZONEN-Werke H. Dreyer GmbH & Co. KG