Claas Complete Takeover of Renault Agriculture
26/06/08

With the take-over of the remaining 20% share, the family owned company CLAAS has now become the full owner of Renault Agriculture SAS. In this context, the French subsidiary Renault Agriculture which, as a business unit within the CLAAS group, is responsible for the development and production of tractors, will be renamed “CLAAS Tractor“.

Ulrich Jochem, member of the Group executive board and responsible for the tractor business, comments: “In essence, the process of integrating Renault Agriculture in the CLAAS group has been successfully concluded. In this regard, the future name “CLAAS Tractor SAS” will emphasise its affiliation to the CLAAS family also to the outside world. CLAAS Tractor SAS represents a core element in the CLAAS product portfolio – which we will continue to develop.”

With a turnover of 2.7 billion Euro and 8500 employees (figures: business year 2007), CLAAS is the leading manufacturer of harvesting machinery in Europe. Already in 2003 CLAAS had acquired the controlling interest in Renault’s former tractor business unit with 51 % and greatly invested in further product development, modernisation of production facilities, as well as staff qualification. The tractor product range has now been completely updated and the export share of the tractors manufactured at the main factory in Le Mans has doubled.

The tractors of the CLAAS brand also helped to make the CLAAS range more attractive to sales partners and customers. In January 2006, CLAAS acquired a further 29 % of Renault Agriculture. With the purchase of the remaining 20 % share, the future CLAAS Tractor SAS has now become a full member of the CLAAS group.

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