Halter raises $165m, company valued at $1.65b
New Zealand tech company Halter has raised $165 million from investors in its latest fundraising round.
Milk vat manufacturer DTS is selling its dairy automation business to MilktechNZ.
Effective from this week, MilktechNZ takes over ownership of MilkHub and will be providing support for the installation and service of Manual and Auto-Drafter, in-line milk sensors, in-bail identification and Herd-Man software and app.
Hamilton-based MilktechNZ is known for its CR-1 electronic cup removers, and for creating simple, clever dairy technology for today's farmers worldwide.
DTS chief executive Gavin Thwaites say he has full confidence in the capabilities of MilktechNZ.
"With over 80 years of combined expertise in dairy technology and automation, their leadership team is exceptionally equipped to support and further evolve the dairy automation business ensuring it meets the demands of customers," says Thwaites.
MilktechNZ chief executive and foundr Gustavo Garza says his company is excited abut the acquisition of MilkHub into the MilktechNZ portfolio.
Newly elected Federated Farmers meat and wool group chair Richard Dawkins says he will continue the great work done his predecessor Toby Williams.
Hosted by ginger dynamo Te Radar, the Fieldays Innovation Award Winners Event put the spotlight on the agricultural industry's most promising ideas.
According to DairyNZ's latest Econ Tracker update, there has been a rise in the forecast breakeven milk price for the 2025/26 season.
Despite the rain and a liberal coating of mud, engines roared, and the 50th Fieldays Tractor Pull Competition drew crowds of spectators across the four days of the annual event.
Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.
Six industry organisations, including DairyNZ and the Dairy Companies Association (DCANZ) have signed an agreement with the Ministry for Primary Industries (MPI) to prepare the country for a potential foot and mouth outbreak.
OPINION: It's official, Fieldays 2025 clocked 110,000 visitors over the four days.
OPINION: The Federated Farmers rural advocacy hub at Fieldays has been touted as a great success.