Mahindra Sells Sampo Rosenlew to TERA, Enabling New Growth Pathways

Mahindra and Mahindra Limited (M&M) the world’s largest tractor company by volume, has entered into a Share Purchase Agreement (“SPA”) with Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA), whereby the Company has agreed to sell its entire stake in Sampo Rosenlew Oy, a wholly owned subsidiary of the Company (SAMPO) to TERA.

Consequent to completion of the aforesaid transaction, SAMPO would cease to be a wholly owned subsidiary of the Company. 

This divestiture aligns with M&M’s focus on opportunities that best position the Company for long-term success. Sampo has contributed meaningfully to M&M since it became part of the group. Some of the technologies developed by Sampo have been instrumental in building M&M’s farm machinery capabilities. By transitioning its ownership of SAMPO to a new owner, the Company believes it will enable SAMPO to pursue new pathways for innovation and growth building on its rich heritage and understanding of the Finnish market.