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Danish Agro acquires machinery business A. P. Jørgensen, Ribe

24-08-2017

Danish Agro Machinery Holding A/S recently entered agreement to acquire A.P. Jørgensen, a leading CLAAS dealer in the west of Denmark.

Denmark. With its 121-year history, A.P. Jørgensen is one of Denmark's longest established suppliers of agricultural machinery. Danish Agro has acquired all the shares in the company. The acquisition will come into effect on 1 January 2018.

Danish Agro Group's CEO, Christian Junker, describes the agreement as significant for Danish Agro.

"A.P. Jørgensen has a unique history. The company's strong leader and dedicated owner, Ellen Jørgensen, has managed the company well since 2000. The company, which turned over DKK 148 million in 2016, employs a workforce of 39 and is renowned for a strong corporate culture, high professional standards and very competent staff. Ellen Jørgensen has, without doubt, made her mark on the Danish machinery market and we are very pleased that she has chosen to sell her family's life's work to us. We believe A.P. Jørgensen has great potential and we intend to develop the company with respect for its corporate culture and history," he says.

Once the agreement comes into force, Ellen Jørgensen, who is 74 years old, will retire. She describes the decision to sell and hand over to a new generation as timely.

"I have no descendants to carry on after me and I am therefore delighted that Danish Agro Machinery has bought my business. Having made acquaintance with senior management at Danish Agro Machinery – Christian Junker, Henning Haahr and Jens Skifter – I am convinced that they will continue to run the company with respect for the special atmosphere that is typical of long-running family business. Good service, honesty and, above all, decency in dealings with customers and personnel have always been important to me. It was also important for me to ensure that all of my employees will keep their jobs. She adds:

"I will be retiring. Not that I am tired of running the business, but major upheavals in our industry require younger people who can keep upsides with technological development," she concludes.

The present director and manager at A.P. Jørgensen, Hans Bjerregard, who has been employed at the company for 52 years, will continue in this role for a transitional period until he retires.

CEO of Danish Agro Machinery Holding A/S, Jens Skifter, is pleased with the prospects offered by the deal:

"A. P. Jørgensen has an excellent reputation and a wealth of professional expertise. I am pleased that the agreement allows us to maintain the company's position in the Danish dealer infrastructure. I regard this company as a key player in our future dealer network in Denmark," he says.