WINFARM announced that the group has entered into exclusive negotiations and signed a non-binding letter of intent for a possible acquisition of 100% of the share capital of the Dutch company BTN de Haas BV. The acquisition would be funded in cash with private capital. BTN de Haas BV is a growing company that meets all the criteria defined in WINFARM’s external growth strategy: Strong regional roots in a Northern European country; A product portfolio that meshes perfectly with the WINFARM offer and strategic positioning: a strong position in livestock and breeding (more than one-third of business), with diversifications into tools and wear parts and landscaping and outdoor professionals; History of growth and momentum (10% to 11% average increases in turnover on average per year between 2016 and 2020) driven in large part by internet sales, which are going up each year and already account for more than half of all business; and Very satisfactory profitability with gross and EBITDA margins that are slightly better than those of WINFARM. To successfully integrate BTN de Haas which has fewer than 30 employees, WINFARM will draw on its positive experience in Belgium, where agricultural supply sales grew 27% in 2020. Dutch cattle ranches are a core target and a potential source of important innovations that could be transposed to France. The Group will leverage the cultural and linguistic affinities of the Netherlands with Flanders to extend its conquest of the agri-supply market in Northern Europe. If the negotiations are successful, the transaction is expected to close in the third quarter of 2021 once due diligence has been completed and the usual conditions precedent have been met.