Rea Valley Tractors, one of the U.K.'s biggest dealers of John Deere Tractors, was purchased for an undisclosed sum and will relocate later this year, according to a published report.
Agricultural Industries Services, a subsidiary of Dunstall Holdings, will transfer Pontesbury-based RVT to a seven-acre site in Shrewsbury, according to the Birmingham Post. John Deere machinery sales for Staffordshire, Derbyshire, Shrewsbury and mid-Wales now are under the charge of Derby-based AIS and RVT.
"When we eventually move to the new Shrewsbury premises, we will have a great deal more space with purpose-built workshops, increased spare parts capacity and a new-style John Deere Place showroom, as befits a flagship dealer," said Robert Ball, managing director of AIS.
The Birmingham Corporate Banking Centre of the Co-operative Bank was the financier for the acquisition.
"This acquisition significantly enhances the group’s scale and reach which will allow us to invest further in our facilities and staff to ensure that our customers continue to experience market-leading levels of service," according to Simon Clarke, Dunstall Holdings chairman and owner.