Agri-service group, Origin Enterprises, has agreed to acquire Poland-based Kazgod Group for €22.4 million to be funded by existing banking facilities.

 

Under the terms of the deal, Origin will acquire 100% of Kazgod, which provides inputs, agronomy services, marketing solutions, and manufactures micro nutrient applications, for an initial payment of €20.3 million upon completion of the transaction, to be followed by an additional payment of €2.1 million within the next three years.

 

The acquisition will add to Origin’s presence in Poland where it currently services 3,500 arable farmers under its Dalety brand, and will position the group as a leader in the agri service provider segment – giving Origin a significant expansion in scale, and potential for growth in the Eastern Europe market.

 

“The combination of Kazgod and Dalgety will bring benefits through new customer extension opportunity and an enhanced capacity for the development of new and innovative service propositions, said Origin Chief Executive Officer, Tom O’Mahony. “Kazgod is a highly focused business with a dedicated commitment to customer service and quality. We are delighted to welcome Kazimierz Kuzminski and his team to the Origin Group.”