The family-owned company LEMKEN and the South African company Equaliser have reached an acquisition agreement
As a result, the German agricultural machinery specialist will be significantly expanding its product portfolio in seeding technology. With a focus on minimal ground disturbance to no-till farming, the Equaliser product range includes precision planters with up to 36 rows and seed drills with a working width of up to 24 m. The acquisition is expected to be completed by spring 2023, once regulatory approvals have been obtained.
LEMKEN CEO, Anthony van der Ley, believes that the Equaliser portfolio perfectly complements the LEMKEN seed drill segment and constitutes an important building block for further growth. “There is no overlap in our portfolios. Equaliser offers solutions for customers and markets that LEMKEN has not been able to serve so far," Ley said. "In terms of our growth strategy, the Equaliser planters and seeders – also in combination with air carts – close a current gap in our product range,” he added.
An additional, optimal synergy arises for LEMKEN precision seeding technology, as the Delta-Row technology developed by LEMKEN is complemented by single-row technology established by Equaliser.
The company serves not only its South African home market, where it is the market leader in precision seeding, but also Australia as its most important export market. “We see great potential for new products with LEMKEN on our side, and we look forward to our future collaboration. At the same time, we are proud that this agreement reaffirms the success and hard work of the entire Equaliser team and our local dealers over the past 22 years,” said Gideon Schreuder, Equaliser’s founder and managing director, emphasising that Equaliser would continue to support its customers as an innovative and reliable partner.