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

 

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Insurers Up For More Payouts: Chch Property Investor Wins Policy Appeal In Supreme Court

Ridgecrest NZ, a property investor, has won an appeal in the Supreme Court over insurance cover provided by IAG New Zealand for a Christchurch building damaged in four successive earthquakes. More>>

ALSO:

Other Cases:

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

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