Titan Machinery Inc was incorporated as a North Dakota corporation in 1980 and reincorporated in Delaware in December 2007. The Company is engaged in the retail sale, service and rental of agricultural and construction machinery through stores in the United States and Europe. The Company owns & operates a network of full service agricultural and construction equipment stores in the United States and Europe. The Company operates in three segments including Agriculture, Construction and International, within which it sell and rent new and used equipment, sell parts, and service equipment. The agricultural equipment the company sells and service includes machinery and attachments for uses ranging from farming to home and garden purposes. The construction equipment the company sells and service includes heavy construction and light industrial machinery for commercial and residential construction, road and highway construction, and mining applications. The Company offers one-stop solution for equipment needs through new and used equipment sales, parts sales, repair and maintenance services, and equipment rental and other activities. The Company also sell parts and provide in-store and on-site repair and maintenance services. It also rent equipment and provides ancillary services such as equipment transportation, Global Positioning System ("GPS") signal subscriptions, and finance and insurance products. The Company sells new agricultural and construction equipment manufactured under the CNH family of brands as well as equipment from a variety of other manufacturers. It provide repair and maintenance services, including warranty repairs, for its customers' equipment. It provide repair and maintenance services, including warranty repairs, for its customers' equipment. The Company's Agriculture customers include small, single machine owners to farming operations, in the states of Iowa, Minnesota, Nebraska, North Dakota and South Dakota. The Construction customers include construction contractors, public utilities, mining and energy companies, municipalities and maintenance contractors. The Company's North American stores are located in Arizona, Colorado, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, South Dakota, Wisconsin and Wyoming, and its European stores are located in Bulgaria, Romania, Serbia and Ukraine. The Company's competitors include multi-location, regional operators to single-location, local dealers and include dealers and distributors of competing equipment brands, including Deere, Caterpillar and the AGCO brands, as well as other dealers and distributors of the CNH family of brands, RDO Equipment Co., Butler Machinery, Ziegler Inc. and Brandt Holdings Co. RDO Equipment Co. The Company is subject to numerous federal, state, and local rules and regulations, including regulations promulgated by the Environmental Protection Agency and similar state agencies, with respect to storing, shipping, disposing, discharging and manufacturing hazardous materials and hazardous and non-hazardous waste.
Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content.