DGAP-News: New acquisition: BayWa expands trading in agricultural equipment in the Netherlands

DGAP-News: New acquisition: BayWa expands trading in agricultural equipment in 
the Netherlands

DGAP-News: BayWa AG / Key word(s): Joint Venture
New acquisition: BayWa expands trading in agricultural equipment in
the Netherlands

19.12.2013 / 11:43

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New acquisition: BayWa expands trading in agricultural equipment in the
Netherlands

International trading and services company BayWa AG will acquire a 49%
share in Dutch company Agrimec. The transaction is subject to approval by
antitrust authorities. Agrifirm, one of the largest agricultural
cooperatives in the Netherlands, holds a 51% share in the agricultural
equipment company. The purchase price of the 49% share amounts to EUR3.8
million.

Agrimec is a newly founded joint venture between Agrifirm and BayWa AG.
Agrifirm will transfer its entire agricultural equipment business (called
Abemec) in the Netherlands to the new joint venture. The company will sell
and service among others the AGCO products Fendt and Massey Ferguson in its
sales territories, which focus on the southern Netherlands.

'We want to seize the opportunities offered by the global agricultural boom
for the agricultural equipment sector. For the first time, we are expanding
beyond our previous equipment sales territory in Germany and Austria by
acquiring a stake in a joint venture,' said Klaus Josef Lutz, Chief
Executive Officer of BayWa AG, explaining the reasons behind the new
acquisition. In 2012, BayWa acquired Dutch company Cefetra B.V. and New
Zealand-based Turners & Growers Limited, two internationally active
agricultural trading and logistics companies. 'The participation in Agrimec
therefore fits perfectly in our internationalisation strategy, which we
launched some years ago in the renewable energies business,' Lutz said.

'Because our traditional sales territory does not offer enough potential
for expansion, we need to expand our trading activities internationally. We
need scope to act in terms of our own sales strategy and in terms of how we
approach our customers,' added Roland Schuler, Member of the BayWa AG Board
of Management in charge of Agricultural Equipment. BayWa is the world's
largest sales partner for AGCO products, meaning the company will be able
to leverage its expertise particularly well in the new joint venture,
according to Schuler.

BayWa AG
BayWa AG is a group with worldwide operations in the core competencies of
trading, logistics and supplementary services in its core segments of
Agriculture, Energy and Building Materials. In 2012 the company had an
turnover of around Euro 10.5 billion and en EBIT of over Euro 186 million.
BayWa has over 16.000 employees. The head office of the company, which was
founded in 1923, is in Munich. The international activities focus on Europe
as well as the on the US and New Zealand. The Agricultural Equipment
Business unit had a turnover of over Euro 1.2 billion in 2012 and an EBIT
of around Euro 18.9 Mio.

Royal Agrifirm Group
Agrifirm is a link to success for enterprising farmers and market
gardeners. The company is a leader in providing solutions that produce
improved results for farmers and market gardeners. Agrifirm offers added
value through knowledge, innovations and expert employees who are close to
their customers. Agrifirm is synonymous with sustainable and innovative
concepts that enable customers to anticipate the challenges of today and
tomorrow.
The Royal Agrifirm Group is a cooperative with approximately 18,000
members; Dutch livestock farmers, arable farmers and market gardeners.
Agrifirm has approximately 3,300 employees and its 13 companies are active
in Europe and Asia. Annual revenues amount to 2.4 billion euros.
www.agrifirm.com




Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communication, 
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98, 
e-mail: marion.danneboom@baywa.de 


End of Corporate News

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19.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                                    
Company:     BayWa AG                                                   
             Arabellastraße 4                                           
             81925 München                                              
             Germany                                                    
Phone:       089/ 9222-3691                                             
Fax:         089/ 9222-3698                                             
E-mail:      marion.danneboom@baywa.de                                  
Internet:    www.baywa.de                                               
ISIN:        DE0005194062, DE0005194005,                                
WKN:         519406, 519400,                                            
Indices:     SDAX                                                       
Listed:      Regulierter Markt in Frankfurt (Prime Standard), München;  
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,      
             Stuttgart                                                  
 
 
End of News    DGAP News-Service  
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245541 19.12.2013                                                      
 
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