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According to a report by British Reuters, China’s Chery Heavy Industries and the United States’ Case New Zealand have both withdrawn from the Gram Group. Kubota successfully acquired Granco for a price of 10.5 Norwegian kronor per share. 
It is reported that Gran Group is the world's largest professional agricultural tool manufacturing company, headquartered in Norway. Grenada Group is a strong company with 12 sub-brands, sales of more than 500 million euros in 2004, more than 2,900 employees worldwide, a large multinational company, factories in 7 countries, providing various types of site preparation Machinery, cultivators, seeders, pasture harvesters, turnipers, cultivators, sprayers and viticulture, management and harvesting machines. These products are sold in more than 60 countries and regions worldwide through more than 3,000 independent all-around distributors.
In this acquisition, Chery Heavy Industries and Case New Holland proposed a purchase price of 9.50 Norwegian krone per share for Grand Group with a total price of US$250 million. Kubota starts at NOK 8 per share, the final bid reaches NOK 10.5 per share, and at this price, it acquires shares in UMOE, Granec's major shareholder. As a result, Chery Heavy Industries and Case New Holland both withdrew from the acquisition of Grand Group.