Campodarsego (Padua), October 20th 2006 –
10/20/2006

Campodarsego (Padua), October 20th 2006 – Carraro SpA, leader in the automotive systems, and Antonio Carraro SpA, leader in the production of multifunctional tractors for specialised cultures, have signed a commercial agreement today.

Carraro SpA,
www.carraro.com

Accordingly, Antonio Carraro SpA will distribute agricultural tractors of “Carraro Agriplus” type in the power from 56 and 95 CV designed and realised by the Vehicles Business Unit (Agritalia, Rovigo) of Carraro Group. In detail the distribution license will include countries in which Antonio Carraro distribution network has a consolidated presence, such as Western Europe (Italy included), Bulgaria, Croatia, Macedonia, Serbia, Switzerland, South America and Australia.

This agreement widens the industrial partnership already established between the two companies and creates the basis for further developments in the direction of highly innovative and high quality products, in line with the market needs. “The agreement follows the development strategies of the Vehicles Business Unit, focused on the production of agricultural tractors on behalf of third parties for famous companies such as John Deere, Agco and Claas, and starting from now even for Antonio Carraro” commented Tommaso Carraro, Director of Carraro SpA and manager of the Vehicles Business Unit of Carraro Group. “Thanks to this agreement we forecast that the Vehicles Business Unit will continue to grow constantly into its market field”.

“First of all this agreement has a strategic role for the further commercial development of our company following an expansive and a strengthening strategy through a closer relationship with our customers. Agriplus completes the offer of Antonio Carraro, following our specialization mission” affirms Marcello Carraro, Managing Director of Antonio Carraro SpA. “Moreover, I believe this agreement will be lucky because, even if its based on business strategies, will be blessed by its founder Giovanni Carraro”.

For further information: www.carraro.com

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