Takeover complete

New Holland has announced that Rea Valley Tractors Ltd have completed the successful acquisition of neighbouring New Holland dealership, Teme Valley Tractors (TVT) who have branches in Knighton and Welshpool. 

Rea Valley Tractors will continue to offer the full range of New Holland products and parts from both Knighton and Welshpool. Full service and aftersales support will continue from each branch with the retention of the staff and management at both depots confirmed.

Matt Mulligan, managing director of Rea Valley Tractors said, “Acquiring Teme Valley Tractors aligns seamlessly with our long-term growth plans. The similarities between both businesses make for a great collaboration - both being highly reputable with a customer-focused mindset, and we look forward to growing the great reputation and contributions that they have made to the local agricultural community over the years."

David Rapkins, New Holland business director UK & ROI, added, “We are delighted that these two strong dealers have completed this acquisition and will continue serving and supporting our customers in Powys. We would like to express a heartfelt thank you to Graham Probert and Martyn Hall and the wider TVT team for their dedication, support and the results achieved over the years and are delighted that they and their staff will remain with Rea Valley Tractors. Going forward we have every confidence that Rea Valley Tractors will build on the success of Teme Valley.”

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