AVR acquires Underhaug planter activities from TKS group

AVR bvba, manufacturer of agricultural machinery for potato production, recently announced that negotiations between AVR and TKS led to an agreement whereby AVR acquired the potato planter activities from Underhaug / TKS as of April 10.

AVR is a Belgian manufacturer specialized in the field of machinery for potato production.

The Norwegian company TKS acquired in the past the potato machinery activities from Dunor/Kverneland.

The deal between TKS and AVR includes all activities and intellectual property rights related to the planters.

The harvester activity is not included in this agreement. Both parties have decided not to communicate about the terms and conditions.

Tonnes H. Kverneland, Underhaugs General Manager said: "As previously published in the press, TKS has recently decided to make the potato business up for sale. The strong position of the Norwegian Krone against the other currencies, made the production of potato machinery no longer a profitable activity within this export-driven market.

"Underhaug is very pleased to have found with AVR a suitable partner for the acquisition of this planter business. The customers of Underhaug know they can rely on a strong, high quality supplier, having the knowledge in-house for a further development of this successful product line. "