Leading manufacturer acquired
Green-tech, the UK’s leading manufacturer and distributor of landscaping, forestry and grounds maintenance equipment has been acquired by Origin Enterprises.
The Knaresborough-based business will join the Irishi agri-services group and is expected to enhance its offering and offer potential expansion in the area of environmental land management and bio-diversity enhancements.
Commenting on the announcement, Sean Coyle, chief executive officer at Origin said: “Green-tech is an excellent strategic fit for Origin and extends our Amenity offering in the UK in a segment we expect will grow further in the coming years. We are delighted to welcome the Green-tech team to the Origin Group”.
No details about the deal were divulged
Origin reported a 5.4% drop in revenue in the six months to the end of January 2021, but saw operating profit increase which was fueled by improved performance in Ireland and the UK.