AGCO Corporation acquires Lely Group forage division

AGCO Corporation acquired Lely Group forage division for approximately $95.0 million (EUR 80.5 million).

On October 2, 2017 AGCO acquired the hay and forage division of the Lely Group for approximately EUR 80.5 million (about $95.0 million), net of cash acquired. The acquired business had manufacturing locations in northern Germany, and the deal allowed AGCO to expand its hay and forage product line.

Adding Lely's forage-harvesting products deepened AGCO's core equipment breadth in hay and forage, an adjacent category to its tractor and harvesting franchises.

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.