Titan machinery inc. (nasdaqgs:titn) completed the acquisition of uglem-ness company inc. from bruce uglem for $8.8 million.

Titan machinery inc. (nasdaqgs:titn) agreed to acquire uglem-ness company inc. from bruce uglem on september 9, 2019. titan machinery will acquire the uglem-ness dealership assets in northwood, n.d. as a result of the transaction, uglem-ness owner and principal, bruce uglem will be retiring. titan machinery will offer employment in-place for all of the uglem-ness employees. the transaction is expected to close on october 1, 2019. titan machinery inc. (nasdaqgs:titn) completed the acquisition of uglem-ness company inc. from bruce uglem for $8.8 million on october 1, 2019. in its most recent fiscal year, northwood generated revenue of approximately $25 million. the transaction is expected to be accretive to earnings in the first year of ownership.
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