AGCO terminates agreement to acquire shares of Kepler Weber

by Holly Demaree
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Kepler Weber Silo
Kepler Weber specializes in manufacturing equipment for the storage, processing and handling of bulk materials with solutions of grain storage in circulation.
Photo courtesy of Kepler Weber.
 
DULUTH, GEORGIA, U.S. – AGCO, a manufacturer and distributor of agricultural equipment, terminated its agreement dated Feb. 9, 2017, previously entered into with the two largest shareholders of Kepler Weber S.A., PREVI - Caixa de Previdência dos Funcionários do Banco do Brasil and BB - Banco de Investimento S.A., to acquire their blocks of shares totaling approximately 35% of the outstanding shares. Accordingly, no tender offer will be launched for Kepler Weber S.A. shares.

Kepler Weber specializes in manufacturing equipment for the storage, processing and handling of bulk materials with solutions of grain storage in circulation.

This would have been the latest acquisition for AGCO if the agreement had been completed. Recently AGCO purchased Cimbria Holdings Ltd., a manufacturer of products and solutions for the processing, handling and storage of seed and grain, in 2016; Farmers Automatic, Lauer, Germany, a poultry equipment manufacturer in 2015; Intersystems, Omaha, Nebraska, U.S., a material handling company, in 2014; and GSI, Assumption, Illinois, U.S., a manufacturer of grain storage and protein production systems, in 2011.
 
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