Origin Enterprises buys Agroscope for €12.7m
Agri-services firm Origin Enterprises has completed the acquisition of Ukraine firm Agroscope for €12.7m.
Founded in 2002, Agroscope provides a number of services to the agriculture sector including advisory support to arable and root crop growers. It employs 150 people and services more than 1,200 customers. The company has forecast revenues and earnings for year end December 2013 of €77.9m and €5.21m respectively.
“Agroscope is an excellent strategicfit for Origin Enterprises adding complementary expertise and strong brand reputation on-farm with a dedicated commitment to excellence in customer fulfilment,” said Origin’s chief executive Tom O’Mahony.
“The acquisition underlines Origin’s strategic priority to scale its technology and service portfolios in new markets which provide meaningful agronomic application opportunity,” he added.
Pictured Origin Enterprises chief executive Tom O’Mahony