Friday, 21 June 2019 07:55

Gallagher ups investment in Aussie agritech company

Written by 

Melbourne agritech company Agersens says it has raised $14.75 million capital including cash from existing investors such as NZ’s Gallagher Group.

Chairman Andrew Maxwell says the capital raising will allow the company to scale up, and it will assign the marketing and sales of eShepherd to Gallagher in Australia and New Zealand. 

“Our investors have taken a considered view of the growth potential of eShepherd, believing in the virtual fencing value proposition and its potential to transform livestock production globally,” Agersens said.

“With Gallagher being a global leader in the innovation, marketing and sales of smarter, simpler animal management solutions that make farm life easier, eShepherd should be a good fit for their product portfolio.”

Mark Harris, Gallagher animal management marketing manager says his company applauds the environmental, productivity and labour-saving possibilities of eShepherd for pastoral farming. 

“Gallagher has been promoting managed grazing systems using electric fencing for more than 80 years, and eShepherd is the next major development for improved grazing,” Harris adds. “For this reason, Gallagher has taken a significant interest in Agersens as part of this capital raising.”

Agersens claims to be revolutionising global livestock production by applying virtual fencing technology developed by the CSIRO. The company holds the worldwide exclusive licence for the technology. 

Its partners include beef and dairy farmers, CSIRO, Gallagher, state and federal governments, Meat & Livestock Australia, Dairy Australia, universities, agricultural research organisations, cattle and dairy farmer associations, and natural resource managers.

» Connect with Rural News

More like this

New site for Gallagher

After nearly three decades on the same Fieldays site, Gallagher is moving to a new location — the former LIC building at site D72. 

Spark of innovation

It's a year for celebration as two Waikato agricultural icons pass key milestones. 

New Gallagher tech on show

2018 marks a big year for Gallagher, with its 80th anniversary and the release of several new products. 

Designers cheer weigh scale

Gallagher has won the supreme award from New Zealand’s industrial design community -- a group beyond the farmgate.

» The RNG Weather Report

Featured

A big future ahead

Age hasn't been a barrier for young vegetable grower of the year Austin Singh Purewal.

 

Sheep and beef doing its bit

No increase in stock numbers in the sheep and beef sector is anticipated as the industry moves towards carbon neutrality, says Beef + Lamb NZ head of nutrition Fiona Windle.

Fonterra lifts milk price

Good news for Fonterra farmers – the co-op is increasing its 2019-20 forecast farmgate milk price by 30c/kgMS.

» Connect with Rural News

» Connect with Rural News

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Chipping in

The Hound was intrigued to read an article recently, on the Newsroom website, that shows that Education Minister Chris ‘Chippy’…

I'm alright

This old mutt has been contacted by many concerned individuals about the role the former Synlait boss John Penno is…

 

» Connect with Rural News