Danish Agro acquire finnish agribusiness activities
1 January 2018, Danish Agro wil take over the agribusiness activities of the Finnish retail company Eepee
Danish Agro and Vestjyllands Andel have signed a deal via their Finnish subsidiary Hankkija Oy to acquire the agribusiness activities of Etelä-Pohjanmaan Osuuskauppa (Eepee) as of 1 January 2018. Eepee is based in western Finland, and already has integrated collaboration with Hankkija.
“Eepee and Hankkija already enjoy a high level of collaboration, and we are therefore delighted that we could agree on acquisition. Eepee has a very strong regional presence and are based in one of the best agricultural regions in Finland. With this acquisition, we are certain that we can expand the range of products and services offered to the farmers in this area,” Christian Junker. He adds:
“To date, Eepee has handled traditional agribusiness such as the purchase of grain, sales of fertiliser, plant protection, seed etc., whilst Hankkija has sold tractors, combine harvesters, spare parts and feed mixes in the same area. We can now merge such activities into a single company with one organisation, realising a whole range of synergies,” he says.
“We strongly believe that the acquisition will not only strengthen Hankkija, but also the entire group’s competitiveness – and that will be to the benefit of the group and its owners. We look forward to welcoming Eepee’s personnel to Hankkija,” concludes Junker.
Eepee has an annual turnover of approximately EUR 80 million and has 11 local branches. After this acquisition, Hankkija will be represented with retail agribusiness activities in all areas of Finland.