LIC divesting automation business for $38 million

LIC divesting automation business for $38 million
The transaction is expected to be complete by June 11.
Rebecca Howard
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...

More Primary Sector

Whole milk powder prices take another hit
Primary Sector

Whole milk powder prices take another hit

The GDT price index increased, despite fall.

Scales Corporation sells two orchards for $34m
Primary Sector

Scales Corporation sells two orchards for $34m

Scales and buyer Craigmore have already worked together for a number of years. 

Staff reporters 16 Jul 2024
‘Sluggish’ Chinese demand expected to weigh down dairy prices further
Primary Sector

‘Sluggish’ Chinese demand expected to weigh down dairy prices further

The latest GDT auction is due to be held on Wednesday morning.

Riley Kennedy 16 Jul 2024
Kinleith bio-hub plans are viable in principle, says new study
Primary Sector

Kinleith bio-hub plans are viable in principle, says new study

The project could increase Kinleith wood processing by up to 2 million tonnes a year.

Greg Hurrell 12 Jul 2024