2017-03-13Press release

AGCO ANNOUNCES THE INTENDED ACQUISITION OF THE FORAGE DIVISION OF LELY GROUP

DULUTH, GA – March 13th, 2017 – AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today that it has reached agreement in principle to acquire the forage division of Lely Group.

Read more
Back to Overview
2017-03-13Press release

AGCO ANNOUNCES THE INTENDED ACQUISITION OF THE FORAGE DIVISION OF LELY GROUP

DULUTH, GA – March 13th, 2017 – AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today that it has reached agreement in principle to acquire the forage division of Lely Group.

Lely’s forage division is a leading manufacturer of balers and loader wagons in Europe. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2017. Furthermore, the process for employee consultation will now be started.

“The integration of Lely’s industry leading competence in hay and forage technology will further strengthen AGCO’s full line product offering,” said Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer.

Subscribe to RSS Feed

Downloads

Download documents

Legal notice

Copyright AGCO GmbH. All rights reserved. Unless otherwise indicated, all reproduced on this website brands, nameplates, corporate logos and emblems are trademarked for AGCO. Text, images, graphics, sound, animations and videos and their arrangement on this website are copyrighted. It is therefore not permitted to download the website in whole or individual parts thereof to reproduce or distribute. Allows the technical reproduction for the purpose of browsing and individual replication for private use. Any other use of the contents of this website or the trademark of AGCO protected Marks without the prior written consent of AGCO.