The Grupo Terraverde (Terraverde Máquinas Agrícolas Ltda) has taken over the business operations previously carried out by Veneza Equipamentos Pesados S.A. in the state of São Paulo.

Galapagos Capital, our Partner in Brazil, supported Veneza in this transaction.

Grupo Terraverde has been expanding its footprint in Brazil, particularly as a John Deere dealer, covering both agricultural and construction equipment. In 2025, the group launched a dedicated construction equipment operation in São Paulo.

Veneza Equipamentos is a long-established distributor of heavy equipment in Brazil, with a strong historical presence in construction machinery, parts, and after-sales services across several regions.

For Grupo Terraverde, the transaction strengthens its market presence in Sao Paulo, allowing it to absorb an established operation, client base, and service structure.

For Veneza Equipamentos, it appears to represent a strategic withdrawal or repositioning in São Paulo, potentially allowing the company to focus on other regions or business lines.