Tuesday, March 14, 2017

AGCO is buying Lely

AGCO Corporation has a deal to buy the forage division of Lely Group, best known for making robotic milkers and other dairy equipment.

Lely’s forage lineup includes mowers, tedders, rakers, balers and more.

The deal is scheduled to close late this year.

“The integration of Lely’s industry-leading competence in hay and forage technology will further strengthen AGCO’s full line product offering,” says Martin Richenhagen, AGCO’s chairman, president and chief executive officer.

Alexander van der Lely, Lely’s chief executive officer, says it will be focusing entirely on innovations in “robotisation and sensor/data systems” for dairy farmers.