Agricultural and Commercial Industrial Company Grows

The Australian material handling company, Cervus Equipment, has announced that it has acquired an additional 18.6 percent interest in Windmill, an Australian agriculture dealer for $500,000 and the overall ownership in Windmill is 53.3%. CEO and President of Cervus, Graham Drake, states that Cervus established operations in Australia nearly a year ago as part of our strategy to pursue opportunities in new markets. Cervus’ acquisition of an additional interest in Windmill follows our successful integration of the business and reflects our growth strategy of consolidating dealerships in Australia, where we see further opportunities for growth. Windmill is a John Deere established machinery operating out of five locations throughout Victoria. The average revenue for Windmill over the last three years was $58 million. Both Windmill and Cervus offer new and used whole goods, parts and services.  Find out more here.