Canada's Cervus Equipment expands kiwi footprint in C$4.9M deal

Wed, 25 Jul 2012

By Paul McBeth July 26 (BusinessDesk) - Canada's Cervus Equipment Corp plans to shell out C$4.9 million in cash and shares to buy five John Deere dealerships in New Zealand and take full ownership of the local operation it already controls. The Calgary, Alberta-based company has signed purchase and sales agreements to snap up Bayquip Agricultural's three branches and Fieldpower Northland's two dealerships, Cervus said in a statement. The Canadian also entered into a memorandum of understanding to buy the 40 percent of Agriturf it doesn't alr...

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