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Announced

Completed

Kramp completed the acquisition of Genfitt.

Synopsis

Kramp, a company active in parts and accessories for the agricultural industry, completed the acquisition of Genfitt, a wholesale distributor company that provides farm machinery parts and agricultural components. Financial terms were not disclosed. “In bringing Kramp and Genfitt together we will become the essential partner in the Irish agricultural industry. I’m proud to be back in Ireland, 15 years after McHugh and Kramp decided to go their separate ways. Together with Genfitt we create a strong company based on highly competent teams, leading brands, and state of art operations. We strive to accelerate Genfitt’s growth in Ireland by broadening the product portfolio and leveraging Kramp’s digital capabilities. Based on these factors we will further develop and strengthen our market position in Ireland," Eddie Perdok, Kramp CEO.

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