Farm software company Herdwatch acquires Kingswood Computing
Summary
Herdwatch, the market-leading farm software company in Ireland and the UK, has acquired Kingswood Computing in a deal believed to be worth seven figures. Herdwatch was co-founded by Fabien Peyaud and Farm Relief Services Network (FRS) in 2012 and provide software to over 20,000 farms, including dairy, beef and suckler farmers as well as sheep farmers with their Flockwatch solution, which is now available in over 170 countries, with plans to launch their cattle solution globally by the end of the year. With this latest acquisition, Tipperary-based Herdwatch continues its rapid expansion just two weeks after the company announced its acquisition of Farmplan’s livestock software customers in the UK and six months after securing a multi-million investment led by Renatus Capital Partners, backed by the Irish Strategic Investment Fund (ISIF). Herdwatch members will themselves benefit from advanced technology and integrations developed by Kingswood such as links with milking parlours, marts, co-ops, factories, vets and more. Really this is the perfect match for our businesses and our customers and I’m really excited to see how the larger business evolves and thrives, delivering even better service for farmers in Ireland and far beyond.” Fabien Peyaud, CEO and co-founder of Herdwatch, said: “Gerry has been a pioneer in the agtech field, and his innovative leadership resulted in some of the earliest tech solutions for farmers.
