LIC
17/04/2015 09:33
JOINTV
PRICE SENSITIVE
REL: 0933 HRS Livestock Improvement Corporation Limited (NS)
JOINTV: LIC: LIC and Lely combine sensor technology resources
17 April 2015
Market statement
LIC and Lely combine sensor technology resources
Lely Group in the Netherlands and New Zealand-based Livestock Improvement
Corporation (NZX: LIC) have entered into a new partnership aimed at
accelerating developments in sensor technology and increasing utilisation on
farms worldwide.
The partnership includes the acquisition of Lely Sensortec by LIC, the
Hamilton-based research and development division of Lely Group. Its five
staff design farm sensor technology systems to monitor animal performance,
production and health.
The ongoing working relationship between Lely Group and LIC will result in
joint R&D efforts to develop new sensor technology, and support wider global
distribution of LIC's inline milk sensors (developed by subsidiary business
DAL, soon to become LIC Automation).
New ownership of Lely Sensortec will take effect by 1 June 2015 and form part
of LIC's subsidiary, LIC Automation.
The full media statement is attached.
ENDS
Contact:
Ashleigh Sattler
Senior Communications Advisor
[email protected]
027 617 1942
End CA:00263222 For:LIC Type:JOINTV Time:2015-04-17 09:33:24
(20min delay)