Kverneland Group (OSE: KVE) is an international agriculture equipment manufacturing company. They are known for developing, producing, and distributing agricultural machinery and services to the farming community. Equipment is manufactured to assist with soil preparation, seeding, forage, balers, wrappers, fertiliser spreaders, sprayers for agricultural tractors and machinery.
Kverneland Group was established by Ole Gabriel Kverneland in 1879. It became a limited company in 1894 and by the 1920s it had become Norway's largest supplier of agricultural products, in particular ploughs.
The company headquarters are located in Klepp, in the village of Kvernaland. Kverneland employs approximately 2,000 people worldwide, most of them in Europe. Kverneland owns the following brands: Kverneland, Vicon, Kverneland Accord, Kverneland Taarup, and Kverneland Rau.
In 2008, Kverneland Group sold their baler-division to Kuhn Group, a division of Bucher Industries. In 2010, Kverneland Group entered a long-term joint venture commitment with Gallignani s.p.a. with a new range of round balers (fixed and variable chamber), wrappers and a new range of drum mowers. In 2011, Kverneland Group opened a new assembly plant in Daqing, China.
In 2012, Kubota Corporation, secured control of the acquisition of Kverneland Group, with the aim of expanding business to leverage the combined strengths of both Kubota and Kverneland Group and that both companies would provide further value to customers. Kverneland Group was delisted from the Oslo Stock Exchange in May 2012.
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