Agri-services group Origin Enterprises has agreed a deal to buy Green-tech Limited, a UK-based manufacturer and distributor of landscaping, forestry and grounds maintenance equipment.
Green-tech is expected to enhance the offering of Origin's Amenity businesses and offers potential in the area of environmental land management and bio-diversity enhancement for its agri-focused businesses.
Origin's chief executive Officer Sean Coyle said that Green-tech is an excellent strategic fit for Origin and extends its Amenity offering in the UK in a segment it expects will grow further in the coming years.
Origin Enterprises yesterday reported an operating profit of €1.2m for the six months to the end of January.
It said its group revenue for the six month period fell by 5.4% to €572.4m from €604.9m as it continued to navigate the challenges caused by Covid-19, weaker currencies in some of its markets and Brexit.