AFGRI Equipment buys TTS Agri
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Company Announcement - Leading agricultural services and processing company, AFGRI, has announced the acquisition of Truck & Tractor Specialists Agri, a John Deere dealership based in Polokwane, Limpopo. The acquisition, which will be made by the group’s Equipment Division (“AFGRI Equipment”), is in line with the group’s strategy of being the preferred supplier of premium agricultural equipment, services and solutions in Africa.“AFGRI Equipment is fast establishing itself as a reliable brand across Africa, and the acquisition of TTS Agri will increase the division’s area of operation right up to the border with Zimbabwe and Botswana, expanding existing operations. AFGRI Equipment will then operate throughout the north-eastern part of South Africa, as well as in Zimbabwe, Zambia and Ghana, with potential for expansion into Botswana too,” says AFGRI CEO, Chris Venter. AFGRI Equipment also operates the largest John Deere dealership in Western Australia.
Patrick Roux, the Managing Director of AFGRI Equipment, adds: “The Limpopo province is an irrigation area and the market is very stable. Our entry into this market will give AFGRI Equipment additional diversification locally and it will connect our operations in South Africa with those in Zimbabwe.”
AFGRI, through its Harvest Time emerging farmer training programme, will also aim to become more active across the country. A large portion of emerging farmers reside in the northern part of the country.
“The Harvest Time programme has various components aimed at ensuring sustainability. We are not just about training – the programme includes funding options to buy tractors and agricultural inputs, but has a substantial mentorship component. It is the combination of these elements which ensures sustainability,” concludes Venter.
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