Tolsma-Grisnich Group Announces Full Ownership of Farm Electronics
In June 2016, Tolsma-Grisnich Group acquired a controlling interest in Farm Electronics Ltd. Both parties are now ready for the next step, and have reached an agreement whereby Tolsma-Grisnich will take over the full share portfolio of Farm Electronics effective January 2019. This means that Farm Electronics will be entirely under the wing of the Tolsma-Grisnich Group as of the first of January.
Substantial investments have been made in the organization since the controlling interest was acquired. The purpose of this was to future-proof Farm Electronics, ensuring that Tim Dudfield and Paul Jackson can safely transfer their responsibilities to the new management team to be formed.
As well as the organization, the “Farm Electronics” brand will be maintained, and it is intended that the business will develop into a fully-fledged member of the Tolsma-Grisnich Group.
Dim Jan de Visser, CEO of the Tolsma-Grisnich Group: “With the take-over of Farm Electronics, Tolsma-Grisnich is taking an important step towards fulfilling its ambition to become a leading player in the storage technology market in the United Kingdom. (…) The Grisnich product range is ready to respond to the more complex demands coming from the processing industry, whereby the engineering of total systems (concept) will meet the trends towards scale enlargement, professionalization and digitalization. Tolsma-Grisnich is also responding to Brexit; local production in the UK will be further extended, while innovative products, expertise and experience will be contributed from the Netherlands’.