KUHN BUYS ARTEC

KUHN Group has announced the signing of an agreement aimed at the purchase of all outstanding shares of the company ARTEC PULVERISATION, located in Corpe (Vendée), France.

KUHN Group has been a minority shareholder of ARTEC since 2008 and plans on becoming its sole shareholder by the end of 2018 upon the fulfillment of the conditions of the transaction.

Founded in 2005 by Jean-Pierre Chevallier, ARTEC specialises in the manufacture of self-propelled agricultural sprayers used for crop protection, in particular for large farms. In 2017, ARTEC’s revenues reached 19 million euros with 60 employees.

Kuhn say ARTEC’s self-propelled sprayers complement their current crop protection offering. The ARTEC products will continue to be distributed under the ARTEC brand and colors by a specialised dealer network.

As a result of the acquisition, ARTEC will benefit from the expertise and means of the KUHN Group to support its development both in France and in the international markets.