Landscaping firm acquired by listed group
A Harrogate-based landscaping and gardening equipment company has been acquired by a publicly traded agricultural services group.
Greentech Ltd is a manufacturer and distributor of landscaping, forestry and property maintenance equipment with around 2,500 customers.
It was acquired by Origin Enterprises, an agricultural services group that provides specialized on-farm agronomy services, digital agricultural services, and the delivery of plant technology and supplies.
Green tech is expected to enhance Origin’s amenity businesses and has potential in organic land management and biodiversity enhancement.
Sean Coyle, CEO of Origin, said: “Green-tech is a great fit with Origin, adding to our range of amenities in the UK in a segment that we expect will continue to grow in the years to come. We are excited to introduce Green-Tech. Tech welcome. ” Team to the Origin Group. “
Rachel and Richard Kay of Green-Tech added: “The Green-Tech success story goes beyond our wildest dreams and we are incredibly proud and grateful for what we have achieved. During this journey we made some friends for life, but none without them Dedicated team from Green Tech, which forms the backbone of the business, would have been possible.
“This deal reflects the ambition of green tech, very on and up and definitely business as usual.”
Origin’s advisors include Goodbody, Davy, and Numis Securities.