Titan Machinery Inc. (NASDAQ:TITN) announced today that it has opened a new Case Construction Equipment dealership in Dickinson, N.D. The new dealership opened on August 1, 2011.
Located in western North Dakota, the company's Dickinson dealership is well-positioned to benefit from the numerous factors that are supporting the favorable construction equipment market in this region including energy, agriculture, government surpluses, infrastructure investment and low unemployment rates.
David Meyer, Titan Machinery's chairman and CEO, said, "We are excited about the opportunity for our new construction dealership in Dickinson. The oil industry in western North Dakota, resulting from the substantial estimated reserves in the Bakken, Tyler and Three Forks oil formations, continues to drive demand for construction equipment, rental, parts and service. We have been pleased with the performance of our Minot, Williston, Bismarck and Mandan stores in this market and the addition of the Dickinson store will provide us increased opportunities in this large growth area."
About Titan Machinery Inc.
Titan Machinery Inc., founded in 1980 and headquartered in West Fargo, North Dakota, is a multi-unit business with mature locations and newly acquired locations. The Company owns and operates a network of full service agricultural and construction equipment stores in the United States. The Titan Machinery network consists of 87 dealerships in North Dakota, South Dakota, Iowa, Minnesota, Montana, Nebraska, Wyoming and Wisconsin including two outlet stores, representing one or more of the CNH Brands ((NYSE: CNH), a majority-owned subsidiary of Fiat Industrial (Milan: FI.MI)), including Case IH, New Holland Agriculture, Case Construction, New Holland Construction, Kobelco and CNH Capital. Additional information about Titan Machinery Inc. can be found at www.titanmachinery.com.