Kuhn has announced the “signing of an agreement to purchase all of the outstanding shares” of French sprayer manufacturer ARTEC PULVERISATION (ARTEC),which is located in Corpe (Vendée), France.
Kuhn Group has been a minority shareholder in ARTEC since 2008 and plans on becoming the sole shareholder by the end of 2018, upon the fulfilment of the conditions of the transaction.
Founded in 2005 by Jean-Pierre Chevallier, ARTEC specialises in the manufacture of self-propelled agricultural sprayers, in particular machines for large farms.
ARTEC’s self-propelled sprayers complement the current KUHN Group’s related crop protection products. ARTEC products will continue to be distributed under the ARTEC brand and colours by a specialised dealer network, including the dealer network that has successfully allowed ARTEC to develop its activities and become the leading brand on the French market.
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.
KUHN Group, headquartered in Saverne, France, employs more than 5 000 employees. It operates ten manufacturing sites located in France respectively in Saverne, Châteaubriant, La Copechagnière and Chéméré, in the Netherlands in Geldrop, in the USA in Brodhead (WI) and Hutchinson (KS) as well as in Brazil in Passo Fundo (RS) and Sao Jose dos Pinhais (PR). KUHN Group achieved revenues of € 966 million in 2017.
