Rabobank buys in from fertilizer technician JOZ

Rabo Participaties, the investment arm of Rabobank, has acquired a majority stake in manure removal technician JOZ from Westwoud. With this capital injection, the family business aims to accelerate international expansion and promote the development of new fertilizer solutions. It also does not exclude company takeovers. 

It is not known what amount is involved in the transaction and how large the interest is that Rabo Participations has taken. JOZ achieved a turnover of €2018 million in 18 and has 74 employees. Rabobank's subsidiary has indicated that it invests €2 to a maximum of €15 million in venture capital for participations. 

JOZ develops and makes manure robots, scrapers and feed push robots that, according to the company, work cost-efficiently for dairy farms. The company is already active worldwide and markets barn automation through a dealer network. "With Rabobank's knowledge and large network, we want to accelerate the roll-out of our strategy to provide high-quality technology to our partners in agriculture", Arend Kuperus, general manager of JOZ, said in a statement.

Strengthen market position
With JOZ, Rabo Participaties is adding a company that is active in the agricultural sector to its portfolio of now 16 companies in various sectors. The investment arm has approximately €1 billion under management through funds and direct interests. According to director Thijs Friederich, JOZ has enormous opportunities to strengthen its market position and increase product penetration. "We look forward to further accelerating growth in the coming years, both organically and through acquisitions, in collaboration with management and current shareholders."

Eric the Thrush

Eric is a member of the editorial staff of Boerenbusiness. As a descendant of an arable family, farmer's blood flows through Eric's veins. He considers himself a generalist, but with a preference for economics, trends, markets and marketing.

e.delijster@boerenbusiness. Nl

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