Teme

Valley Tractors

REA VALLEY TRACTORS (RVT), a dealer offering New Holland, JCB and Kuhn Farm Machinery from seven depots, is acquiring neighbouring New Holland and Kuhn dealer Teme Valley Tractors (TVT), which has two sites.

The companies say customers will benefit from an enhanced offering in the region with more choice of New Holland and Kuhn equipment available within the larger group. There will also be an expanded product range from a single provider, offering additional brands such as JCB materials handling equipment, Bailey Trailers and domestic groundcare products like Milwaukee and Stihl that are all core franchises held by RVT.

Both TVT Welshpool and Knighton branches will continue trading from the current locations, and TVT employees from both businesses will transfer to RVT at the completion of the deal, targeted to be the end of September. This includes owners Graham Probert and Martyn Hall who will continue in key management roles within the business.

Simon Clarke, chairman of RVT, commented: “I am delighted to have reached an amicable agreement with Graham and Martyn to acquire TVT. This acquisition will benefit all our stakeholders: customers, staff and suppliers. I look forward to working with Graham, Martyn and the TVT teams over the coming years”.

Graham Probert, managing director at TVT Knighton, said: “Both companies have the same shared family values and dedication to understanding and focussing on the customers’ needs; each with a well-established and knowledgeable team, and we look forward to the next chapter with Rea Valley Tractors”.