Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Tru-Test Group acquires leading company

Tru-Test Group acquires NZ’s leading milk containment and refrigeration company, DTS

Auckland-based agri-tech company Tru-Test Group has today announced the acquisition of Dairy Technology Services from NDA. The move is the second such deal completed by Tru-Test Group in recent months, following its purchase of Radian Technologies (MilkHub) in December.

Dairy Technology Services (DTS) is the leading provider of milk storage and cooling systems in the New Zealand dairy industry. It employs 80 staff in its manufacturing facility in Taranaki and its nationwide sales, installation, repairs and maintenance and customer service operation based in Hamilton.

The deal reflects NDA’s desire to focus on its engineering activities in the dairy processing and transport, chemicals and refining, wine and resources industries.

NDA’s CEO Mark Eglinton says it is a logical move.

“This is a positive step for both parties. We believe DTS is a natural fit for Tru-Test and the sale gives NDA greater capacity to deliver our growth strategies for our core engineering business in New Zealand, Australia and North America”

Tru-Test Group CEO Greg Muir says the DTS acquisition is part of a strategy that aims to deliver improved levels of integrated support for dairy farmers.

“The dairy industry will increasingly need to integrate new technologies and services if it is to achieve the sustainable growth it seeks. Having both DTS and MilkHub within Tru-Test Group is an example of this sort of integration in practice.

“Tru-Test Group’s DNA is on-farm, and our product development is a result of working closely with farmers every day. We know they want stronger levels of support on farm to maximise the value of technology investments and ensure the efficient ongoing operation of farm systems.

“They want more than having products ‘dropped off at the gate’. They want support from organisations with the resources, skills and knowledge to successfully deploy across all aspects of planning, installation, start up, training, monitoring and maintenance,” Mr Muir said.

The value of the acquisition will not be disclosed.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news