As of October 1, 2019, SKOV A/S, a producer of ventilation and management systems for livestock production, acquired the Canadian company Secco International Inc., a specialist in dairy ventilation systems.
On October 1, SKOV took over 80% of the company, while the two current owners continue to have a 20% share of ownership in the company.
The company was established in the year 2000 and is headquartered in Saint-Hyacinthe near Montréal in the state of Quebec, Canada.
-We have, for a long time, been looking for a company that can complement our current business so that we can also provide climate solutions for dairy barns, says CEO Jørgen Yde Jensen, SKOV A/S.
Secco has 45 employees, and in the last financial year 2018/19, the company had a turnover of approx. 64 MDKK. The company has a dominant position in the domestic market and has a network of distributors in primarily North America, Europe, Russia, and Japan.
-Like SKOV, Secco is a company that emphasizes high quality and value creation for its customers. We have visited Secco and their customers several times lately, and the quality and performance of the company's solutions are excellent, Jørgen Yde Jensen continues.
Secco has, for some time, been looking for cooperation with an international company that can ensure its global development and accelerate future growth. The company has placed emphasis on entering into a group with the same core company values.
-We maintain Secco as an independent company with its own brand and sales channels. Also, we are going to utilize the product and market synergies among the two companies, says Jørgen Yde Jensen.
Secco's mechanical products are known to be leading in the dairy industry, while SKOV can add new control technology that will give cattle and dairy farmers an even better climate and productivity in their barns.
-SKOV takes over a company that complements us well concerning products and is a financially well-run business. I am sure that the acquisition will make a positive contribution to both companies, and we look forward to getting started, Jørgen Yde Jensen concludes.