It was owned by a private investor in Auckland.
Hi-Tech was set up in 1992. It designs and supplies dairy effluent management systems.
Waikato chief executive Dean Bell said “They are one of the few accredited designers and suppliers of dairy effluent systems in the country with a skilled team which has a deep appreciation of effluent regulatory requirements.
“They understand the need for farmers to have well designed units that are robust, efficient and simple to operate, brand values that match those of Waikato Milking Systems.
“The partnership is a natural extension for both businesses, taking us into the realm of offering a total solution to dairy farmers.
“We are confident our combined research and development expertise will enable exciting innovations which will further support sustainable dairy farming,” Bell said.
Hi-Tech general manager Brian Nicholson said the synergies between the two companies were clear.
“We share a passion for being the first choice supplier of go-ahead dairy farmers, generating better outcomes for farmers and the industry as a whole.”
The acquisition took effect in late October and the two businesses would work autonomously from their Waikato bases.
There would be opportunities for collaboration to enhance each other’s capabilities but no changes were planned to Hi-Tech’s management, staff or distribution channels.
