Senegal: Impact investor exits irrigation company to Moroccan buyer
Impact investment firm Investisseurs & Partenaires (I&P), through its fund I&P Afrique Entrepreneurs 1 (IPAE 1), has announced a new exit: the sale of its shares in the Senegalese company Delta Irrigation to CMGP, a strategic player in the irrigation sector.
Delta Irrigation is a Senegalese company that sells and installs irrigation equipment and supplies technical maintenance. The company provides its services particularly to agricultural companies, allowing them to regulate their production independently of weather constraints. Delta Irrigation was a pioneer in the irrigation sector in the Senegal River Valley and has extended its products and services to Côte d’Ivoire. The company was created by Jean Pierre Chapeaux and is managed by Bruno Demulder, and is now the leader in the irrigation market in the sub-region.
Investisseurs & Partenaires has supported Delta Irrigation since 2012.
”Since 2012, Delta Irrigation, with the support of I&P in particular, has successfully transformed from a small company into a structured and successful SME. Delta Irrigation benefits from a corporate spirit and an identity shared by the employees, old and new, and a considerable increase in its turnover and the number of its employees. The company has succeeded in conceiving a strong strategic position in developing irrigation projects in Senegal, Côte d’Ivoire, and the West African sub-region,” says Bruno Demulder, general manager of Delta Irrigation.
Created in 1995 and rich in experience and know-how, CMGP is today the leader of the irrigation market in Morocco. With a complete range of products and a close collaboration with the major manufacturers on an international scale, CMGP covers the following activities: design and distribution of irrigation equipment, installation of irrigation projects, geomembrane basins, and pumping stations, and supply of seeds and phytosanitary products.
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