M&A Deal Summary

AGCO Acquires Precision Planting

On July 26, 2017, AGCO acquired machinery company Precision Planting from The Climate

Acquisition Highlights
  • This is AGCO’s 14th transaction in the Machinery sector.
  • This is AGCO’s 6th transaction in the United States.
  • This is AGCO’s 1st transaction in Illinois.

M&A Deal Summary
Date 2017-07-26
Target Precision Planting
Sector Machinery
Buyer(s) AGCO
Sellers(s) The Climate
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

AGCO

Duluth, Georgia, United States
Category Company
Founded 1990
Sector Machinery
Employees25,600
Revenue 14.4B USD (2023)
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 16 of 23
Sector (Machinery) 14 of 15
Type (Divestiture) 3 of 3
State (Illinois) 1 of 1
Country (United States) 6 of 7
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Lely - Forage Division

Maassluis, Netherlands

Lely - Forage Division is a manufacturer of balers and loader wagons in Europe.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

The Climate

San Francisco, California, United States
Category Company
Founded 2006
Sector Information Technology
Employees150
DESCRIPTION

The Climate Corp. aims to help farmers around the world protect and improve their farming operations with uniquely powerful software and insurance products. The company's proprietary technology platform combines hyper-local weather monitoring, agronomic data modeling, and high-resolution weather simulations to deliver climate.com, a SaaS solution that helps farmers improve their profits by making better informed operating and financing decisions, and Total Weather Insurance, an insurance offering that pays farmers automatically for bad weather that may impact their profits.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 HydroBio

Denver, Colorado, United States

HydroBio is a software as a service company that uses satellite image driven analytics to conserve water and maximize crop yields. It is an agricultural decision support service currently supporting thousands of acres on three continents, saving time and money by informing optimal irrigation practices and identifying problems before they impact harvest.

Buy -
Mergr

Product

Company

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