EXEL INDUSTRIES : Acquisition of AGRIFAC

PRESS RELEASE Epernay, 4 July 2012

 Spraying is our business!

 Acquisition of AGRIFAC  
www.agrifac.com

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)

                                           YOUR CONTACTS                            

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                                                                                                                                                      

EXEL INDUSTRIES : Acquisition of AGRIFAC

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