Exel Industries buys ET Group in Indiana

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.

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