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2016-01-15

EXEL INDUSTRIES : Strategic acquisition in North America

PRESS RELEASE
Paris, January 15, 2016
Strategic acquisition in North America
Paris, France and Mooresville, Indiana - January 15, 2016 - EXEL Industries
has acquired 100% of ET Works LLC, known as Equipment Technologies, and
makers of the Apache sprayers.

Apache is a major brand in agricultural self-propelled sprayers in North
America with USD $90 million revenue in 2015 and approximately USD $140
million before the market downturn. Equipment Technologies employs 170 staff
in its manufacturing and selling facilities.

"It is with great pleasure that we welcome ET Works and its employees in our
family owned Group", said Guerric Ballu, CEO of EXEL Industries. "This
strategic acquisition for EXEL Industries Group, strongly increases our
presence in North America, the world's biggest ag-machinery market. ET Works
will benefit from EXEL's distribution networks in other parts of the world
and from EXEL's innovative technologies to enhance its product range".

"We are pleased to be joining forces with EXEL", said Matt Hays, CEO of
Equipment Technologies. "We see a wonderful alignment of EXEL's drive to
innovate and our management of ET for the long term. We believe that as part
of EXEL we will be well positioned to support our customer's needs into the
future. The deal allows ET employees, suppliers and dealers to continue to
operate in the same manner that has generated many years of exceptional
performance and service to our customers."

ET will continue to do business with its current management under the
Equipment Technologies and Apache names and maintain its headquarters in
Mooresville, IN.

About Equipment Technologies:www.etsprayers.com,
facebook/equipmenttechnologies, @apachesprayer

Equipment Technologies manufactures the Apache line of mechanical drive
self-propelled crop sprayers and distributes through its owned and
independent dealers in North America, Ukraine and Australia. The company is
also a significant re-seller of sprayer parts through dealers and on line at
www.spraysmarter.com and agrimart.net.

About EXEL Industries:www.exel-industries.com,
Facebook\exelindustries,
@EXEL_Industries

The main business line of EXEL Industries is sprayers for agriculture (world
leader) and industry. The Group is also a European leader in consumer
watering products, and the world leader in sugar beet harvesters. EXEL
Industries' goal is to develop in its markets through constant innovation
with an international strategy. EXEL Industries employs approximately 3,650
people in 29 countries on 5 continents.
EXEL Industries has a track record of successful acquisitions with full
respect for companies' autonomy, brands, distribution network, existing
manufacturing facilities, company culture and teams.

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| EXEL Industries 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014 2014/2015 |
| Sales in €M 384.4 430.1 525.3 740.2 775.4 725.2 |
-------------------------------------------------------------------------------------
NYSE-Euronext Paris, SRD Long, CAC Mid&Small 190
EnterNext© PEA-PME 150 index (Mnemo EXE / ISIN FR0004527638)

This press release is available in French and in English on the company
website, as well as on its Facebook and Twitter accounts.

CONTACT PERSONS
Guerric Ballu
Sylvain Rousseau

Group CEO
Group CFO / Investor
Relations
@Gu3rric

sylvain.rousseau@exel-industries.com

Tel.: 00
33 1 71 70 49 50
EI: Strategic acquisition US
http://hugin.info/143456/R/1979227/725016.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EXEL INDUSTRIES via Globenewswire

HUG#1979227

Författare WKR

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