Mottech is pleased to announce that it has reached an agreement with Parkland Australia to acquire 50% of the company.
Parkland Australia is a distributor of Mottech in Australia. The acquisition will enable the company to expand its operations in the marketing, sale and service of irrigation control systems in Australia.
The new partnership will be called – Mottech Parkland
Parkland Managing Director, Chris Todd, announced the investment, saying that the closer relationship has created many new opportunities. The name of the company will be changed to Mottech Parkland to reflect the new partnership.
“We will now be equipped to offer IRRInet and related water and asset control services to clients throughout Australia,” he explained. “Our customers will benefit greatly from Parkland’s partnership with Mottech”.
“We are delighted with the earnings enhancement acquisition that will immediately contribute and will enable Mottech to step up the value-chain in the Australian market and provide wireless control solutions and services” commented Mottech General Manager, David Shani. “We expect the market for Mottech’s core water management services in Australia to expand and we look forward to further applying Mottech’s remote control and monitoring systems in the Australian market.”
The sale and purchase will be completed in July 2019.