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Time of India

M&M puts Finnish company Sampo on the block

Mahindra & Mahindra is divesting Sampo Rosenlew Oy, a Finnish combine harvester manufacturer, as part of its strategy to focus on core businesses and improve capital allocation. M&M acquired full control of Sampo in 2022, but the company has struggled with weak demand and development costs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Mahindra & Mahindra (M&M) has put Finnish combine harvester maker Sampo Rosenlew Oy on the block, people aware of the developments said, as India's largest tractor manufacturer continues to sharpen focus on core businesses and redeploy capital from underperforming step is in line with Mahindra Group 's broader capital allocation strategy which prioritises high-growth, high-return businesses, while exiting non-core and non-performing ones, said the people cited Anish Shah took charge as Group MD and CEO in April 2021, M&M has pruned its portfolio, exiting several overseas and domestic ventures outside its core utility vehicle and tractor latest comes barely three years after M&M took full control of Sampo, having acquired a 35% stake in 2016, raising it to 74.97% in 2020, and completed a 100% buyout in the plan, an M&M spokesperson said, "As advised in our earnings calls in Q4FY25 and Q1FY26, we have had to take some actions on our subsidiary in Finland. These include rightsizing operations and impairing assets to reflect fundamental shifts in these markets." "At the moment our focus is around these actions," the spokesperson headquartered in Pori, supplies mid-sized combine harvesters to Europe, Eurasia, and North Africa. It is also a joint venture partner for combine harvesters in Finnish company has struggled to deliver the returns M&M was seeking. Sapo's business has been hit by weak demand in key markets while it incurred costs on product development for emerging markets and specialty crops.