LIC divesting automation business for $38 million

The transaction is expected to be complete by June 11.

Tue, 08 Jun 2021

Livestock Improvement said it has entered into an agreement to divest its automation business to MSD Animal Health, a division of Merck & Co, for $38.1 million subject to a working capital adjustment. The divestment is in line with LIC’s refined strategy and will allow the co-op to sharpen its focus and play to its strengths delivering world-leading pasture-based dairy genetics and herd management for NZ farmers, chair Murray King said.LIC Automation manufactures and supplies integrated herd management systems and unique milk te...

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