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Primary Sector

LIC divesting automation business for $38 million

Rebecca Howard
Tue, 08 Jun 2021

The transaction is expected to be complete by June 11.
Rebecca Howard
Tue, 08 Jun 2021
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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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