• Jun. 29, 2016, 8:55 AM
    • AGCO agrees to acquire Danish seed and grain handler Cimbria Holdings from Silverfleet Capital for ~$340M.
    • Cimbria sales, which are expected to reach $240M in FY 2016, are concentrated in western Europe with growing exposure to eastern Europe, Africa and the Middle East.
    • AGCO says Cimbria’s products complement its GSI offerings and provides an opportunity to grow its business and expand its margins.
    Jun. 29, 2016, 8:55 AM | 1 Comment
  • Jan. 6, 2012, 3:26 PM

    Agco (AGCO +2.2%) pays $31M for a 60% stake in Santal Equipamentos, a Brazilian company that makes mechanized sugar-cane harvesters. Sugar-cane harvesters are expected to be hot sellers in Brazil over the coming years, as the government tries to eliminate the practice of burning fields to make the cane easier to cut by hand.

    Jan. 6, 2012, 3:26 PM
  • Jan. 5, 2012, 1:28 PM
    Farm equipment maker AGCO rises 2% after CEO Martin Richenagen tells a German paper he won't rule out a merger with a competitor such as Caterpillar (CAT). He adds that strong demand will lift AGCO's 2012 revenue to $10B, which compares favorably with a $9.8B consensus. Jan. 5, 2012, 1:28 PM
  • Oct. 3, 2011, 7:51 AM
    AGCO agrees to buy GSI Holdings for $940M in a deal expected to close by year end. Oct. 3, 2011, 7:51 AM