M&A Deal Summary

AGCO Acquires 151 Research

On September 11, 2020, AGCO acquired information technology company 151 Research

Acquisition Highlights
  • This is AGCO’s 1st transaction in the Information Technology sector.
  • This is AGCO’s 1st transaction in Canada.
  • This is AGCO’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2020-09-11
Target 151 Research
Sector Information Technology
Buyer(s) AGCO
Deal Type Add-on Acquisition

Target

151 Research

Winnipeg, Manitoba, Canada
website
151 Research is a developer of intelligent security, remote monitoring and management, and advanced imaging solutions to help customers gain actionable business insights. 151 Research was established in 2011 and is based in Winnipeg, Manitoba.

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Buyer(S) 1

Buyer

AGCO

Duluth, Georgia, United States

website

Category Company
Founded 1990
Sector Machinery
Employees25,600
Revenue 12.7B USD (2022)
DESCRIPTION
AGCO's corporate headquarters in Duluth, Georgia.
AGCO's corporate headquarters in Duluth, Georgia.

AGCO is a manufacturer of agricultural equipment. AGCO offers tractors, combines, hay tools, sprayers, forage and tillage equipment, which are distributed through more than 2,700 independent dealers and distributors in more than 140 countries worldwide. AGCO was incorporated in 1990 and is based in Duluth, Georgia.

DEAL STATS #
Overall 17 of 23
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 12 of 16
State (Manitoba) 1 of 2
Country (Canada) 1 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 Precision Planting

Tremont, Illinois, United States

Precision Planting LLC is a manufacturer of agriculture machinery for seed spacing and other agriculture services. Precision Planting was founded in 1993 and is based in Tremont, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-10 Faromatics

Vilanova i la Geltrú, Spain

Faromatics is a precision livestock farming company. Faromatics is the creator of ChickenBoy, the ceiling-suspended robot that monitors broiler chickens and helps farmers increase animal welfare and farm productivity. ChickenBoy uses a complete set of sensors to measure thermal sensation, air quality, light and sound. It also uses artificial intelligence (AI) to identify risks to health, welfare and farm equipment. Faromatics was founded in 2016 and is based in Vilanova i la Geltrú, Spain.

Buy -
Mergr

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