Core Viewpoint - Titan Machinery Inc. is divesting its dealership operations in Germany to optimize its dealership network and enhance returns on invested capital, aligning with CNH Industrial's dual-brand strategy [1][2]. Group 1: Planned Transactions - The divestiture involves two separate asset sale transactions to existing New Holland dealers in Germany [1]. - These transactions are expected to close within the next 120 days, pending customary closing conditions and regulatory approvals [2]. - The company anticipates a pre-tax loss on sale of approximately $3 million to $4 million from these transactions [2]. Group 2: Operational Challenges - Titan Machinery's German operations have faced challenges that negatively impacted returns within its European operating segment [2]. - The company is focusing resources on markets where it can leverage its operational expertise and service network to improve returns for shareholders [2]. Group 3: Company Overview - Titan Machinery Inc. operates a network of full-service agricultural and construction equipment dealer locations across North America, Europe, and Australia [3]. - The company's network includes locations in various U.S. states and international stores in Bulgaria, Germany, Romania, and Ukraine, as well as Australia [3].