Investment Summary

AGCO Invests In Greeneye Technology

On December 16, 2021, AGCO invested in software company Greeneye Technology

Investment Highlights
  • This is AGCO’s 1st transaction in the Software sector.
  • This is AGCO’s 1st transaction in Israel.

Investment Summary

Date 2021-12-16
Target Greeneye Technology
Sector Software
Investor(s) AGCO
Deal Type Stake Purchase

Target

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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Investor(S) 1

Investor

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 19 of 23
Sector: Software M&A 1 of 4
Type: Stake Purchase M&A Deals 3 of 4
Country: Israel M&A 1 of 1
Year: 2021 M&A 2 of 3
PREVIOUS 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Appareo Systems

Fargo, North Dakota, United States

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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