M&A Deal Summary

AGCO Acquires Faromatics

On September 10, 2021, AGCO acquired machinery company Faromatics

Acquisition Highlights
  • This is AGCO’s 15th transaction in the Machinery sector.
  • This is AGCO’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-09-10
Target Faromatics
Sector Machinery
Buyer(s) AGCO
Deal Type Add-on Acquisition

Target

Faromatics

Vilanova i la Geltrú, Spain
website
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.

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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 18 of 23
Sector (Machinery) 15 of 15
Type (Add-on Acquisition) 13 of 16
Country (Spain) 1 of 1
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-11 151 Research

Winnipeg, Manitoba, Canada

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.

Buy -
FOLLOWING 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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