Real estate news: Carlyle and Farmfront - a global irrigation platform.

Carlyle, following its acquisition of the Ocmis Group, has taken ownership of three more European irrigation companies (Irrimec, Otech and RKD) and created the Farmfront group, which will be based in Milan and led by CEO Daniel Neves (pictured).

Farmfront will be a global irrigation platform with more than 450 employees at six production sites in Italy, Spain and France, and a market touching hundreds of countries around the world. The group's total turnover exceeds 200 million euros.

Daniel Neves, CEO of Farmfront Group: "Globally, only 18% of arable land is irrigated, and of this, only a quarter uses efficient technologies.

Filippo Penatti, managing director of Carlyle Europe Partners' advisory team, says: "The Farmfront Group was created to provide farmers with the complete irrigation solutions they need. By teaming up with these companies and creating a coordinated commercial, marketing and delivery platform, we have created a strong growth path across the group.".