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Exel Industries SA Completes Acquisition of Holmer

Thursday, 14 Mar 2013 03:24am EDT 

Exel Industries SA announced that it has concluded an agreement to acquire 100% of the German group Holmer, a sugar beet harvester whose sales totaled EUR104.00 million to the end of October 2012, over a 10-month fiscal year (sales to the end of December 2012 over 12 months are EUR114.00 million). Holmer has 380 employees in six countries (Germany, France, Poland, the Czech Republic, Ukraine and the United States) and is in present in 43 countries through its distribution network. Financial terms of the acquisition were not disclosed. 

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