Press releases

July 26, 2016

Press

Acquisition of Lely Turfcare in the UK, Ireland and Denmark by Royal Reesink completed

Royal Reesink N.V. (“Royal Reesink”) and of Lely Holding S.ár.l (“Lely”) today completed the acquisition of Lely’s turfcare activities by Reesink in the UK, Ireland and Denmark. These activities mainly comprise the distribution of Toro machines for the maintenance of golf courses and public green spaces and TYM compact tractors (UK, IRE). These activities generated revenue of some € 60 million in 2015, with around 125 employees. Revenue has grown in the first half of 2016.