Acquisition of U.S. Apache Sprayers Improves France’s Exel Group FY16 Revenues

The acquisition of U.S. self-propelled sprayer maker ET Works in January 2016 helped the Exel Industries Group of France increase revenues in its 2016 financial year.

Without the contribution of the Mooresville, Ind.-based manufacturer of Apache sprayers, Exel Group revenues would have been slightly less than the €725.2 million ($773 million) generated in the 12 months to August 2015.

As it is, the €770.9 million ($822 million) achieved with ET’s contribution during the same period…

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