Simcro sells to Riverside

KASHKA TUNSTALL
Last updated 12:19 12/07/2013

Relevant offers

Agribusiness

Fonterra in $11m cheese blunder Experience, care help after ending of theileria subsidy Hot muggy weather means facial eczema will be on the rise NZ dairy exports continue to dive 'Big dry' eats up winter feed Science students learn on the job NZ farms eyed as 'boltholes' for world's super rich Irrigation lobbyists seek easier cash Small freight operators not passing on fuel cuts ANZCO Foods founder funds new Lincoln chair

Waikato agritech company Simcro has sold a controlling interest for an undisclosed sum to global private equity firm The Riverside Company.

Hamilton-based Simcro, which celebrates 20 years in business this year, is an animal health delivery system company.

It employs about 80 staff to service international pharmaceutical groups for technology in farm animal drug delivery.

In last year's TIN100 Report, which measures the performance of New Zealand's top hi-tech export companies, Simcro ranked as the 75th most successful on revenue.

The company does not disclose its financial statements, but the TIN100 report estimated its annual revenue at $21.4 million.

The Riverside Company has over US$3.5 billion (NZ$4.5b) in assets, with investments in more than 75 companies.

Simcro chief executive Will Rouse and research and development director Rod Walker will retain their roles with the company and remain shareholders.

Ad Feedback

- Stuff

Special offers

Featured Promotions

Sponsored Content