# TAFE acquires Serbian tractor maker IMT

Tractors and Farm Equipment Ltd (TAFE) acquired Serbian tractor and agriculture equipment brand IMT - Industrija Masina i Traktora. The deal size was not disclosed.

- Type: Acquisition
- Announced: 2018-04-03
- Where: Belgrade, Serbia, Serbia
- Value: $660K (66.1M RSD)
- Jobs: 800
- Status: completed
- Capacity: 5,000 tractors per year (planned)
- Products: tractors, agriculture equipment
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [IMT Spa](https://endata.com/companies/17031.md) (target)
- [TAFE](https://endata.com/companies/18460.md) (acquirer)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/tafe-acquires-serbian-tractor-maker-imt/articleshow/63593996.cms), 2018-04-03: "Tractors and Farm Equipment Ltd (TAFE) today said it has acquired Serbian tractor and agriculture equipment brand IMT - Industrija Masina i Traktora."
- [serbianmonitor.com](https://www.serbianmonitor.com/en/tafe-and-imt-sign-an-acquisition-contract/), 2018-04-12: "The Indian company Tafe signed today a contract stipulating the acquisition of the Belgrade-based Machinery and Tractor Industry (IMT), in bankruptcy, for 66.08 million dinars."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.