The PwC M&A team is pleased to announce the successful sale of CLAAS India Private Limited (“CIPL”) to Yanmar. CIPL is a manufacturing facility of combine harvesters and related agricultural equipment in India. CLAAS is shifting its strategic focus in India from manufacturing to engineering and sourcing. In this context CLAAS initiated a structured, international sales process for divestment of its Indian manufacturing facility in Chandigarh, which was exclusively led by PwC M&A. In the course of the investor process, all shares of CIPL were acquired by Yanmar through its group company, Yanmar Coromandel Agrisolutions Private Limited.
The share purchase agreement was signed in August 2024 and subsequently closed in September 2024.
CIPL, headquartered in Morinda (India), is engaged in manufacturing track and wheel type combine harvesters, forage harvesters, and spares, for applications across a wide variety of crops.
CLAAS is a family business founded in 1913 and is one of the world’s leading manufacturers of agricultural machinery. The company, headquartered in Harsewinkel, Germany, is the world market leader for forage harvesters. CLAAS dominates the European market in another core segment as well – combine harvesters – and is successfully represented around the world with tractors, agricultural balers and green crop harvesting machines. Cutting-edge agricultural information technology also forms part of its product range. CLAAS employs more than 12,000 employees worldwide and in 2023 generated a turnover of 6.1 billion euros.
With beginnings in Osaka, Japan, in 1912, Yanmar was the first ever to succeed in making a compact diesel engine of a practical size in 1933. A pioneer in diesel engine technology, Yanmar is a global innovator in a wide range of industrial equipment, from small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine, to machine tools, and components – Yanmar’s global business operations span seven domains. On land, at sea, and in the city, Yanmar provides advanced solutions to the challenges customers face, towards realizing a sustainable future.
The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ more than 364,000 people in 151 countries. Our global network comprises over 2,900 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.
PwC M&A Germany acted as exclusive financial advisor to CLAAS group on this transaction. The transaction was led by Alexander Knögel (Partner) and Mayank Gupta (Senior Manager).
Alexander Knögel
Partner, Corporate Finance | M&A Industrial Technology & Business Services, PwC Germany
Tel: +49 170 2250409