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Titan Machinery Closes on Acquisition of 67th Dealership

FARGO, N.D. — (BUSINESS WIRE) — July 1, 2009 — Titan Machinery Inc. announced today that it has closed on the previously announced acquisition of Valley Equipment Inc., a Case IH brand agriculture equipment dealership in Mayville, North Dakota. Valley Equipment becomes Titan's 67th dealer location.

Located in the Red River Valley, Mayville is a progressive agricultural community with highly productive soils. Valley Equipment is strategically located between Titan Machinery's Grand Forks and Arthur stores. In its most recently reported fiscal year, Valley Equipment generated annual revenues of $2.6 million.