“This acquisition will strengthen our position as a full line partner for growers around the world by offering cutting-edge technology to improve yields and profitability for our growers,” said Eric Hansotia, senior-vice president of AGCO.
AGCO has laid out three goals for the company with the new addition.
For its customers, AGCO plans to focus on solving customers’ farming challenges with innovative, practical solutions and providing industry-leading in-field support. As well as broadening Precision Planting’s reach with AGCO’s larger distribution network.
Secondly, AGCO will continue its Premier dealer network model in the market for its dealers.
And lastly, keeping a focus on data and working closely with The Climate Corp. to create linkage to its digital ag tools for customers and determine how best to enhance Fuse products.
This is the latest in a series of acquisitions. In February, AGCO reached an agreement for the outstanding shares of Kepler Weber S.A., a Brazilian manufacturer of grain storage and handling equipment; in 2016, AGCO purchased Cimbria Holdings Ltd., a manufacturer of products and solutions for the processing, handling and storage of seed and grain; Farmers Automatic, Lauer, Germany, a poultry equipment manufacturer, was acquired in 2015; Intersystems, Omaha, Nebraska, U.S., a material handling company, was acquired in 2014; and GSI, Assumption, Illinois, U.S., a manufacturer of grain storage and protein production systems, was bought in 2011.