News Release

April 5, 2024

Penrith, Australia; April 5, 2024 - In a strategic move set to reshape the landscape of Australia's agricultural sector, Satake Corporation has announced its acquisition of the silo division from DE Engineers. This acquisition marks a significant milestone in the evolution of both companies, promising to inject fresh vigor into the realm of grain storage and handling.

DE Engineers, under the stewardship of Kevin Prater, has long been a cornerstone of Western Australia's agricultural infrastructure. Since its inception in 1965, the company has exhibited a relentless commitment to innovation, evolving from a humble machining workshop to one of the region's foremost manufacturers of grain storage solutions. From poultry feed bins to cutting-edge silo technology, DE Engineers has consistently pushed the boundaries of possibility, earning a reputation for excellence along the way.

Now, with the ink drying on a historic agreement signed between Kevin Prater and Kazuhisa Matsumoto, President and CEO of Satake, a new era dawns for both entities. The transfer of DE Engineers' silo division to Satake Oceania, Satake's Australian subsidiary, heralds the dawn of a symbiotic partnership poised to redefine industry standards.

Kazuhisa Matsumoto's assertion of excitement resonates deeply with the implications of this acquisition. By marrying Satake's technological prowess with the esteemed legacy of DE Engineers, Satake Oceania is poised to unleash a wave of innovation unparalleled in the annals of grain storage and handling. The fusion of DE Engineers' specialized knowledge and Satake's global reach promises to elevate the quality of products and services available to Australian farmers, enhancing their capacity to meet the challenges of a rapidly evolving agricultural landscape.

Indeed, as the agricultural sector grapples with the imperatives of sustainability and efficiency, the significance of this acquisition cannot be overstated. By integrating DE Engineers' silo division into its fold, Satake demonstrates a profound commitment to meeting the needs of farmers with solutions that transcend mere functionality, embracing a vision of holistic excellence that encompasses durability, efficiency, and environmental stewardship.

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