# Agrimatco gets approval to acquire 75% of Agriculture Machinery and Materials Co.

Cyprus-based Agrimatco received approval from Saudi Arabia's General Authority for Competition to acquire 75% of Jeddah-based Agriculture Machinery and Materials Co.

- Type: Acquisition
- Announced: 2022-06-07
- Where: Jeddah, Saudi Arabia
- Status: announced
- Products: agricultural machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Agrimatco](https://endata.com/companies/63348.md) (acquirer)
- [Agriculture Machinery and Materials Co.](https://endata.com/companies/63349.md) (target)

## Sources

- [arabnews.com](https://www.arabnews.com/business/agrimatco-gets-approval-to-acquire-75-of-saudi-agricultural-firm-2098746), 2022-06-07: "Saudi Arabia’s General Authority for Competition has approved the acquisition of 75 percent of Jeddah-based Agriculture Machinery and Materials Co. by Agrimatco"

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