- Planetary alignment peaks with celestial show this weekend
- UK fighters escort Pakistan plane to airport, two arrests
- Arizona jury foreman says believed Jodi Arias was abused
- Judge rules against 'America's toughest sheriff' in racial profiling lawsuit
- Stockholm calmer but violence spreads outside Swedish capital |
EXEL INDUSTRIES : Acquisition of AGRIFAC
PRESS RELEASE Epernay, 4 July 2012
Spraying is our business!
EXEL Industries have just acquired a 100% stake in the Dutch company, AGRIFAC Machinery B.V., from the APC holding and minority shareholders. The transaction amounted to EUR3 M, for an enterprise value of EUR10 M.
Based in Steenwijk in the Netherlands, AGRIFAC has a workforce of 90 and has turnover of EUR38.3 M for an EBITDA of EUR1.4 M. Specialised in crop spraying and sugar beet harvesters, AGRIFAC has subsidiaries in Great Britain and Russia and markets its products in more than 13 countries worldwide.
The addition of AGRIFAC to the EXEL Industries brands consolidates EXEL's position as market leader in crop spraying and strengthens the Group's presence in the dynamic markets of Eastern Europe and CIS, in particular.
Guerric Ballu, CEO of EXEL Industries, stated:
"EXEL Industries is delighted to welcome AGRIFAC, a brand known for its innovative technological solutions, into our family of dynamic and sometimes competitors SMEs. This acquisition completes our combine harvester range in the sugar beet harvester sector, and brings self-propelled sprayers with front cabin and special pendulum chassis system StabiloPlus to the crop spraying sector, which are marketed in countries where we are not necessarily present.
EXEL Industries will ensure the expansion of AGRIFAC, which will be a new asset in our growth strategy as the world specialist in crop spraying."
About EXEL Industries: www.exel-industries.com
World specialist in precise crop spraying techniques for agriculture (world leader) and industry (number 3 in the world), EXEL Industries employs around 2,700 people in 23 countries on 5 continents.
NYSE-Euronext Paris, Sub-fund B, CAC Mid&Small, CAC Small
(Mnemo EXE / ISIN FR0004527638)
Guerric BALLU Patrick BALLU Gilles BLONDET
CEO Chairman CFO & Investor Relations Chairman CFO & Investor Relations
+33 (0)03 26 51 52 55 Gilles.Blondet@exel-industries.com
Tel.: +33 (0)01 49 40 25 71
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: EXEL INDUSTRIES via Thomson Reuters ONE