BoMill signs follow-up agreement with Lantmännen worth EUR 475,000
BoMill AB has signed a follow-up agreement worth EUR 475,000 with Swedish agriculture cooperative group Lantmännen. Following an initial project evaluating BoMill InSight™ during a rental period, Lantmännnen Lantbruk has decided to purchase the solution and increase the capacity with additional sorting units.
Headquartered in Sweden, Lantmännen is an agricultural cooperative owned by 18,000 farmers, and a leading player in agriculture, machinery, bioenergy and food in Northern Europe. In January 2024, Lantmännen Lantbruk signed an agreement worth EUR 185,000 for the rental of BoMill InSight™ with the option to purchase the solution at the end of the rental period (Press release – January 24, 2024).
Following positive feedback on the operation of the equipment and successful use of the solution to upgrade wheat and barley, during the 19-week rental period, Lantmännen Lantbruk has decided to exercise its option to purchase BoMill InSight™ integrated in a mobile container solution and increase its capacity with two additional sorting units, reaching a total of eight units installed on the BoMill InSight™ frame. The value of the follow-up agreement is approximately EUR 475,000, making a total value of EUR 660,000 (including the rental cost) for the purchase of the BoMill InSight™ solution.
“This is great news. It is always exciting to see the performance of our technology recognized, through a follow-up agreement. Lantmännen is a fantastic reference, and we look forward to further collaborating with them.”, said Andreas Jeppsson, CEO of BoMill AB.
“BoMill InSight has proven to be a very reliable and cost-effective solution to increase the value and quality of grains produced by Swedish farmers. We are thrilled to invest in this solution that gives us more flexibility to fulfill our grain supply contracts. We look forward exploring further its potential for our business.” commented Pontus Sonesson, Head of Supply Chain at Lantmännen Lantbruk.
This press release contains inside information that BoMill AB (publ) is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication on June 28, 2024, at 13:45 CET.