Titan Machinery

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Titan Machinery, Inc.
Type Public
Traded as NASDAQTITN
Industry Agricultural equipment
Construction equipment
Headquarters Fargo, North Dakota, United States
Area served Midwestern United States
Key people David Meyer (chairman)
Products Case IH, New Holland Agriculture, Case CE, New Holland Construction
Revenue $1.094 billion (2011)[1]
Operating income $44 million (2011)[1]
Net income $22 million (2011)[1]
Employees over 1800 (2011)[2]
Website www.titanmachinery.com

Titan Machinery Incorporated is one of the largest American dealers of agricultural and construction equipment.[2] It is based in Fargo, North Dakota and has locations throughout the Midwestern United States.[2] The company is publicly traded on NASDAQ using the symbol TITN.[2]

History[edit]

Titan was founded in 1980 and it is headquartered in Fargo, North Dakota.[3] Titan owns and operates one of the largest networks of full service agricultural and construction equipment stores in North America.[2] These locations represent one or more of the CNH brands: Case IH, New Holland Agriculture, Case CE, New Holland Construction, Kobelco and CNH Capital.[4]

In 2011, it acquired at least four dealership companies in the United States.[4] As of April 1, 2013, Titan had 107 dealerships in Iowa, New Mexico, Arizona, Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, Wisconsin, and Wyoming.[3] In late 2011, Titan announced that they had purchased two Case IH dealers in Bucharest and Timișoara, Romania bring its total to 119 dealerships in the world.[5]

106 North American dealerships are located in Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming as well as 13 European dealerships in Bulgaria and Romania.


References[edit]

  1. ^ a b c "TITN Annual Financial statement". Yahoo Financial. Retrieved 25 January 2012. 
  2. ^ a b c d e "Titan Machinery Inc.". Hoover's. Retrieved 25 January 2012. 
  3. ^ a b "Profile". Yahoo Financial. Retrieved 25 January 2012. 
  4. ^ a b "Titan Machinery Inc.". Google. Retrieved 25 January 2012. 
  5. ^ "Titan Machinery Announces International Expansion into Romania". Farm Equipment magazine. Retrieved 25 January 2012. 

External links[edit]