M&A Deal Summary

AGCO Acquires Appareo Systems

On December 21, 2021, AGCO acquired information technology company Appareo Systems

Acquisition Highlights
  • This is AGCO’s 2nd transaction in the Information Technology sector.
  • This is AGCO’s 7th transaction in the United States.
  • This is AGCO’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2021-12-21
Target Appareo Systems
Sector Information Technology
Buyer(s) AGCO
Deal Type Add-on Acquisition

Target

Appareo Systems

Fargo, North Dakota, United States
website
Appareo Systems is specializes in the research, development, design, and manufacture of tangible technology that utilizes A.I., mechatronics, and innovative electronics designed to deliver exceptional customer value. Appareo Systems was founded in 2003 and is based in Fargo, North Dakota.

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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 20 of 23
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 14 of 16
State (North Dakota) 1 of 1
Country (United States) 7 of 7
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-16 Greeneye Technology

Tel Aviv, Israel

Greeneye Technology develops alternative and sustainable solutions to current crop protection practices to meet the growing global demand for food production, while also increasing productivity and profitability for farmers. Greeneye is pioneering the use of precision spraying technology by harnessing AI and deep machine learning to enable intelligent, real-time decisions in the field that are proven to reduce chemical use by up to 90% and improve weed control efficacy compared to standard broadcast spraying. Greeneye Technology was formed in 2017 and is based in Tel Aviv, Israel.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 JCA Technologies

Winnipeg, Manitoba, Canada

JCA Technologies is a developer of autonomous software for agricultural machines, implement controls and electronic system components. JCA Technologies was founded in 2002 and is based in Winnipeg, Manitoba.

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