Titan Machinery Deutschland GmbH

Titan Machinery Deutschland GmbH is a 100% subsidiary of Titan European Holdings s.a.r.l. and sells tractors, agricultural machinery, spare parts as well as advisory and service offerings at multiple locations in Germany. In 2023 revenue increased slightly by 3% to TEUR 41,046 (PY TEUR 39,833), driven by a 28% rise in spare parts sales and a 37% increase in workshop services while machine sales fell by about 5%. On May 1, 2023 the company expanded its sales and service area by acquiring two sites in an asset deal, resulting in additions including TEUR 2,457 for land and buildings, TEUR 528 goodwill and TEUR 502 inventories. As of December 31, 2023 the company reported total assets of TEUR 52,948, equity of TEUR 5,181 and a negative net liquidity position of TEUR -26,409.