Kverneland Group has now acquired 100% control of it’s partly owned factory Gallignani S.p.A, 

Following a period of Joint Venture ownership of Gallignani S.p.A and the experience with Kverneland's exclusive distribution of balers produced by the factory, Kverneland and the Gallignani family are pleased to announce that Kverneland is taking full control of the future development of the important bale equipment center in Ravenna, Italy. 

The parties have signed a share purchase agreement and the closing of the transaction is expected to take place in the near future.

Mr. Ingvald Løyning (CEO) is pleased that the modern bale equipment factory is added to the portfolio of 100% controlled competence centers. Mr. Løyning also emphasizes that it is a clear strength for the future that the manufacturing site, already is at a high standard and there has over the last decade been significant investment in both capacity increase and modern manufacturing technology.

The Gallignani brand will be jointly owned by Kverneland Group and IG Holding which is owned by the Gallignani family.  The production and distribution of conventional square balers presently produced in Turkey will remain in the ownership of the Gallignani family, whereas the round balers and the wrappers will be in the ownership of Kverneland Group. Mr. Gallignani will also continue the front loader business in SIGMA 4 as usual.