Waikato Milking Systems

Taking Waikato to the world

  • Waikato Milking Systems is the leading independent designer, manufacturer and supplier of dairy technology throughout New Zealand.
  • Growing from modest Waikato beginnings, the company is now iconic within a sector that is the backbone of New Zealand’s economy.

The 100 per cent New Zealand owned company has the expertise to build dairy systems for any farming type from a small family based farm to a 24 hour milking operation.  What’s more, Waikato Milking Systems installs large scale rotary milking systems around the world, including in China, Russia and Latin America.

Designing technology for dairy farmers is core to the company’s purpose. Constantly investing in research and development, Waikato Milking Systems offers a range of innovative products including composite rotary platforms and smart range of sensing technologies.

The products are renowned for delivering impressive results to farmers, while being robust and exceptionally easy to use.  Just one example of this – the company was the first in the world to use the extra strong and lightweight material Kevlar in their Centrus Rotary Platforms.

How we helped

PwC was engaged in 2013 by the former shareholders of Waikato Milking Systems to facilitate the sale process. PwC then went on to help with the implementation of the businesses current structure.

Richard Aubrey, CFO at Waikato Milking Systems said: “PwC was involved in the creation of our Limited Partnership structure – this was my first dealing with PwC and the entire experience was an absolute pleasure.  What may have been complicated on paper was implemented seamlessly in practice”.

After a smooth transition from the businesses previous advisers,  PwC delivered an integrated tax and audit approach to help maximise efficiencies. The PwC team assisted with consolidating first year of accounts under the Limited Partnership structure, and worked together as an integrated team, to see the tax compliance was completed concurrently with audited financial statements.  PwC also provide structural and international tax advice when required.

“All of the audit and tax teams were a pleasure to deal with.  The PwC team were proactive and they had a clear focus on making life easier for us rather than imposing road blocks or barriers. We had confidence that they would always do the best for our business.” said Richard.

PwC has supported Waikato Milking Systems with its strategic priorities and actively assisted in helping to grow and diversify in the company’s chosen markets. PwC business advisers reached out to their networks to make connections to potential business partners and customers both within New Zealand and internationally, including colleagues in the UK who assisted with the UK operations. In addition, PwC’s specialist transfer pricing team has worked with the team at Waikato Milking Systems to develop water tight transfer pricing practices.

“Brent Goldsack and the PwC Waikato team are very passionate about the dairy sector and our business which gives us the confidence to deal with them on all our business issues in addition to audit and tax compliance” said Richard.

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