AGCO Corporation acquired 151 Research, Inc. for approximately $2.8 million (plus contingent consideration).
On September 10, 2020 AGCO acquired 151 Research, Inc., a company specializing in agricultural technology, for approximately $2.8 million. AGCO also agreed to contingent consideration tied to performance targets, recording an additional liability of approximately $4.4 million; the acquisition was not material to the company.
The small bolt-on added agricultural-technology capabilities that supported AGCO's expanding digital and smart-farming toolset.
Advisory firms were not disclosed for this transaction.