Four acquisitions in four weeks for Premier Tech

It may be the excitement of the Tour de France. For example, It may be the end of a cycle linked to the Cavid-19 pandemic. Furthermore, It is perhaps simply the execution of a strategy that will lead the company to double its turnover by. Therefore, the end of the decade. Similarly, By completing four acquisitions since the beginning of July. Consequently, Premier Tech confirms its ambition to establish itself as a world leader in agricultural technologies.

Posted at 6:00 a.m.

In the last days. Meanwhile, Premier Tech has gotten hold of two companies specializing in the treatment of residential and commercial wastewater. Furthermore, RMS four acquisitions four weeks premier WASTE APPOSAL is located in the United Kingdom, while KARR’s Septic Service is established in Iowa. Furthermore,

A week earlier. For example, the company of Rivière-du-Loup completed which turns out to be its largest transaction of recent years by absorbing the Dutch producer of van der Knaap organic culture and organic fertilizer. Meanwhile, This is the result of discussions that have been held between the two companies for ten years.

Premier Tech is a private company. Nevertheless, She did not want to disclose the value of these transactions.

A gourmet multinational – Four acquisitions four weeks premier

All of this occurred two weeks after the acquisition of the French industrial maintenance specialist MECA Service.

In the process, Premier Tech made the total of its employees jump to 6,100, distributed in four acquisitions four weeks premier 31 countries. It is 1100 more than a month ago.

“The flow of investment opportunities has improved for a few months. ” said the president and chief executive officer live from the Tour de France, Jean Bélanger. “People who had been talked about in recent years to communicate our interest in recent years. come back to us recently. First, tech commands a team of cyclists in the prestigious competition and Jean Bélanger is a bicycle keeper.

After the COVID-19, he continues, the first tech provided that the four acquisitions four weeks premier situation would be similar to that which prevailed after the financial crisis of 2009, and that occasions of acquisitions would arise, but that is not what happened. An increase in interest rates and inflation complicated the situation not only of companies, but also of investors.

“Several investors arrive at the end of a cycle and wish to withdraw from the market,” explains Jean Bélanger. “For us, it creates a very positive situation. There is nothing else to announce in the short term. but perhaps that we will conclude two or three other acquisitions before next spring. »»

Double in five years

These bursts in burst do not diversify Premier Tech more than it is already. Its activities remain concentrated in the horticultural and agricultural fields and in water treatment. The company also develops technologies that support four acquisitions four weeks premier its primary activities.

To highlight the centenary of its creation in 2023. the management had set itself the objective of reaching an annual turnover of $ 1 billion. These days, it oscillates around 1.2 billion. The target now is to double the bet, no later than 2031.

Transactions like those concluded in July are a way to accelerate this growth, explains the president of Premier Tech. In general. acquisitions are used at first tech to add new products and services to its current offer, both in Europe and in North America, or to extend its geographic footprint to regional markets where it is not already present.

“Our ambition to double size will be done by means of well -targeted acquisitions. thanks to our RD,” says Jean Bélanger. We can transfer technologies to North America that four acquisitions four weeks premier we find. develop in Europe, or vice versa, in a way that our competitors are struggling to imitate. »»

Its local footprint in the markets where it operates also avoids it at. the moment the deleterious effects of the President’s pricing war. This is another asset for the multinational Rivière-du-Loup which. unlike other Quebec multinationals, has not acquired the reputation of wanting to buy all its competitors.

“We are a great player in several of our divisions. but we are still perceived as a human scale, capable of carrying out its acquisitions well, without worrying other players in the market,” says Jean Bélanger.