Interpump Group has finalized the acquisition of 100% of the capital of Waikato Milking Systems, including its general partner entities. This strategic transaction represents a significant milestone in the group’s international expansion strategy, specifically targeting the high-growth Oceanic agricultural market. The strategic rationale for the move centers on the group's objective to further diversify its portfolio into the food and dairy technology sectors, leveraging the target's market leadership in New Zealand and Australia. By incorporating this technical specialist, the organization reinforces its global leadership in fluid handling while gaining access to specialized automated milking technologies. The partnership is designed to capitalize on the accelerating digital transformation of the global dairy industry, combining the group’s industrial scale with the target’s innovation-led automated systems. This integration facilitates the cross-pollination of technical expertise across the group’s multidisciplinary platforms, providing the strategic depth required to address increasing global demand for efficient food production systems. This move solidifies the group’s standing as a primary enabler of technological advancement in the agricultural supply chain.

WAIKATO MILKING SYSTEMS, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level around LOGIN lower than the 10.2x average currently observed in the Industry & Manufacturing sector.

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