# Tomra acquires Compac fruit sorting company

Norwegian food, recycling and mining sorting business Tomra has acquired New Zealand fruit sorting company Compac for $70 million, with up to $230 million in earn-out payments available to vendors.

- Type: Acquisition
- Announced: 2017-03-01
- Where: New Zealand
- Value: $70.0M
- Status: completed
- Products: fruit sorting technology
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [TOMRA](https://endata.com/companies/18161.md) (acquirer)
- [Compac Holding Ltd](https://endata.com/companies/20398.md) (target)

## Sources

- [business.scoop.co.nz](https://business.scoop.co.nz/2017/03/01/up-to-300m-in-earn-outs-available-to-compac-vendors/), 2017-03-01: "The New Zealand founders and former shareholders of the Compac fruit sorting company are in line for up to $230 million in earn-out payments on top of the $70 million paid for the company by the Norwegian food, recycling and mining sorting business Tomra."
- [nbr.co.nz](https://www.nbr.co.nz/up-to-230-million-in-earn-outs-available-to-compac-founders/), 2017-03-01: "The New Zealand founders and former shareholders of the Compac fruit sorting company are in line for up to $230 million in earn-out payments."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.