TYM, the agricultural equipment manufacturer based in Seoul, South Korea, has acquired another Korean tractor maker, Kukje Machinery, the parent company of Branson Tractors.


Branson Tractors

TYM says the combined company will maintain both the TYM and Branson brands worldwide while taking advantage of the acquisition to achieve “synergies” related to R&D and manufacturing efficiency.

Its purchase of Kukje broadens the company’s dealer network by 250 in Korea in addition to 30 new distributorships worldwide.

S.K Kim, Executive Director of Kukje Machinery said in a statement, "Together we will get bigger, stronger and better positioned to provide upgraded products and service to our customers."

Nathan Walker, md of Branson Tractors UK, said at SALTEX last week, "For Branson dealers in the UK, this is a good news story and business as usual."