WINFARM announces final completion of the acquisition of Dutch company BTN de Haas.
05 Juli 2021 - 6:00PM
WINFARM announces final completion of the acquisition of Dutch
company BTN de Haas.
PRESS RELEASE Loudéac, 5 July
2021
WINFARM announces final
completion of the acquisition of Dutch
company BTN de Haas
- Birth of a European leader in distance
selling for the agricultural world -
WINFARM (code ISIN
: FR0014000P11 -
mnémonique : ALWF), the French leader in
distance selling for the agricultural sector, announces
the final completion of the acquisition of 100% of the capital of
the Dutch company BTN de Haas BV. The new entity has 292 employees
and proforma revenues of approximately € 110 million.
WINFARM Board met on July 2, 2021 to confirm the
terms and conditions of WINFARM's acquisition of the Dutch company
BTN de Haas.
Patrice Etienne, Chairman, Chief
Executive Officer and founder of WINFARM: “ With the
acquisition of BTN Haas, we have reached another key step in our
strategy to conquer Europe by establishing ourselves as a major
player in the Netherlands, one of the key markets for agriculture
and livestock in Europe. With a strong local presence, a good brand
image among professionals and a rich and diversified product
portfolio, BTN de Haas fits perfectly into our offer, and
strengthens the Group to enable it to impose itself on an
international level”
The new entity should quickly benefit from
complementary features:
- A strong regional
presence in a Northern European country;
- A product portfolio
with:
- A strong position in livestock and
breeding (more than a third of the business);
- Diversification into tools and wear
parts, and into landscaping and outdoor professionals;
- Dynamic historical
growth of the activity comparable to that of WINFARM (+10% to +11%
of turnover on average per year between 2016 and 2020), driven in
particular by internet sales, which are increasing every year and
already account for more than half of the activity;
- A very satisfactory
level of profitability with gross margin and EBITDA levels slightly
higher than those of WINFARM.
To implement these complementarities, the Group
will capitalize on the cultural and linguistic proximity of the
Netherlands to Flanders to extend its conquest of the agri-supply
market in Northern Europe.
About WINFARM
Founded in Loudéac, in the heart of Brittany, in
the early 1990s, WINFARM is now the French leader in distance
selling for the agricultural world. WINFARM offers farmers and
breeders comprehensive, unique and integrated solutions to help
them meet the new technological, economic, environmental and social
challenges of the next generation of agriculture. With a vast
catalogue of more than 15,500 product references (seeds,
phytosanitary, harvesting products, etc.), two-thirds of which are
own brands, WINFARM has more than 44,500 customers in France and
Belgium.
In 2020, WINFARM recorded sales of €98.9m,
surpassing its target.
By 2025, WINFARM aims to double in size, with a
revenue target of around €200m and an EBITDA margin of about
6.5%.
For more information about the company:
www.winfarm-group.com
Contacts:
WINFARMinvestisseurs@winfarm-group.com |
|
ACTIFIN, financial
communicationsBenjamin LEHARI+33 (0) 1 56 88 11
11winfarm@actifin.fr |
ACTIFIN, financial press relationsJennifer
JULLIA+33 (0)1 56 88 11 19jjullia@actifin.fr |
- WINFARM_PR_EN_closing_BTNdeHaas vdef
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