Titan Machinery Announces Expansion Into Bulgaria

Titan Machinery Inc. (NASDAQ: TITN) announced today that it has entered into a definitive purchase agreement to acquire a majority interest of Rimex, which consists of seven Case IH agriculture equipment dealership locations in the following cities in Bulgaria: Sofia, Dobrich, Burgas, Pleven, Ruse, Montana, and Stara Zagora. The acquisition is expected to close in March, 2012.