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.
