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

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

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