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M&A Deal Summary

AGCO Acquires Cimbria A/S

On June 29, 2016, AGCO acquired machinery company Cimbria A/S from Silverfleet Capital for 340M USD

Acquisition Highlights
  • This is AGCO’s 12th transaction in the Machinery sector.
  • This is AGCO’s 2nd largest (disclosed) transaction.
  • This is AGCO’s 2nd transaction in Denmark.

M&A Deal Summary
Date 2016-06-29
Target Cimbria A/S
Sector Machinery
Buyer(s) AGCO
Sellers(s) Silverfleet Capital
Deal Type Add-on Acquisition
Deal Value 340M USD

Target

Cimbria A/S

Thisted, Denmark
Cimbria A/S is a manufacturer of equipment used for either seed processing or post-harvest grain handling. The company’s products include equipment for cleaning, drying and storing grain and seed, as well as conveyors linking equipment in a handling or processing line. Products range from standalone equipment pieces to large custom built project installations. Cimbria operates two production facilities in Denmark, and one in each of Austria, the Czech Republic and Italy.

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Buyer(S) 1

Buyer

AGCO

Duluth, Georgia, United States
Category Company
Founded 1990
Sector Machinery
Employees24,000
Revenue 11.7B USD (2024)
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 founded in 1990 and is based in Duluth, Georgia.

DEAL STATS #
Overall 13 of 23
Sector: Machinery M&A 12 of 15
Type: Add-on Acquisition M&A Deals 10 of 16
Country: Denmark M&A 2 of 2
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-23 InterSystems

Omaha, Nebraska, United States

Intersystems is a provider of enclosed belt conveyors, bucket elevators, bulk weighers, truck probes, grain samplers, gravity screeners, distributors, micro ingredient systems, and bolted bin systems. Based in Omaha, the company sells to customers in more than 30 countries worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Kepler Weber S.A.

São Paulo, Brazil

Kepler Weber S.A. is a Brazilian manufacturer of grain storage and handling equipment for grain storage, cleaning, and conveyance applications in Brazil and internationally.

Buy R$579M

Seller(S) 1

SELLER

Silverfleet Capital

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 1985
PE ASSETS 2.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Silverfleet Capital is an independent private equity firm that invests in market leading businesses in growing sectors. Silverfleet looks to acquire companies headquartered in Western Europe or US-based businesses with a substantial European presence. Target companies are typically valued between €75 and €500 million and operate in sectors spanning business and financial services, healthcare, leisure, and retail/consumer. Silverfleet Capital was formerly known as PPM Capital, operating under Prudential plc. Silverfleet has offices in London, Paris, Munich, and Chicago.

DEAL STATS #
Overall 27 of 42
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 13
Country: Denmark M&A 1 of 3
Year: 2016 M&A 3 of 4
Size (of disclosed) 14 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Sigma Components

Nuneaton, United Kingdom

Sigma Components is a manufacturer of precision-engineered aerospace products, from rigid pipes, ducting, sub-assemblies, fabrications and sheet details to composite tubing, specialist fasteners, machining, and polishing & finishing. Sigma Components was formed in 2007 and is based in Nuneaton, United Kingdom.

Buy £65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-16 Orizon

Augsburg, Germany

Orizon GmbH is a temporary work agency (TWA) specializing in medium-sized companies with 110 offices nationwide. The company constitutes a multi-brand offering under the orizon umbrella, pooling the strengths of five TWAs specializing in various sectors and regions: Rolf Plumer GmbH, Andreas Wust GmbH, RKM GmbH, SIR Industrieservice GmbH, and JiT Holding GmbH.

Sell -
Mergr

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