Agricultural mechanisation

From sowing to harvest: Fyeld comes full circle by taking over Agricola Italiana

Six companies are added to the scope. Revenues at 85 million, target to double in 3-5 years

by Luca Orlando

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

Tomato and pepper picking machines. It starts here, in 2022, with the acquisition of Guaresi by Hyle Capital Partners, the starting point of a much broader path, which has seen a flurry of acquisitions in the same sector over the years, namely plant engineering and automation related to horticultural products.

Between spray booms and mechanical weed removal, or machines for soil preparation, transplanting and harvesting.

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Group, renamed Fyeld, to which another key piece has now been added with the acquisition of Agricola Italiana, a company from Padua specialising in the construction of machinery for precision planting of vegetables. "We are talking about a leading company with high added value," explains Fyeld CEO Massimo Zubelli, "which fits perfectly into our path, aimed at aggregating several world leaders in their respective niche productions into a single group.

A group capable of progressing in size due to organic development but above all growth by external lines, with revenues now reaching 85 million and 230 employees working in the various companies and five production plants.

'For an SME,' explains the manager, 'size is a difficult step to overcome and the constraints to growth are often significant.

Joining forces brings obvious advantages and some synergies have already unfolded, looking for example at organisation. We have introduced lean production efficiency methods everywhere, even doubling assembly capacities within the same spaces'.The group's rapid path, which began in 2022 first with the purchase of Guaresi and then with the aggregation of Grim (self-propelled sprayer booms), continued the following year with Hortec (harvesting and transplanting machines in open fields and greenhouses), then in 2024 with the purchase of the German Kult, active in latest-generation weed control with advanced optical vision to recognise weeds. The group, which will be joined in 2024 by Toselli (spray booms for vegetables) and now Agricola Italiana, thus aims to fully cover the agronomic cycle of tomatoes, peppers and root vegetables.

In line with the technological consolidation plan, Fyeld has also started an industrial and strategic partnership with Agripass Robotics, a start-up active in advanced vision systems based on Artificial Intelligence algorithms and robotics for field work. "Vision and terrain recognition capabilities become crucial for all our machines," adds the manager, "which aim to be on the cutting edge of technology in their respective sectors. The outlook for Fyeld, which at the end of 2024 sees the entry of White Bridge Investments as majority shareholder (Hyle Capital Partners retains a minority stake), sees a target of doubling revenues in 3-5 years, aiming at a size of 150-200 million revenues, completing the offer to the market in other areas, for example in transplanting, and continuing the expansion in international markets, which already today in terms of exports are worth 60% of turnover. "The space for other acquisitions is there," adds Zubelli, "and I must say that in the sector our aggregation platform is becoming a pole of attraction: sometimes we are the ones looking for targets, other times it is the companies themselves that propose themselves.

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