AGCO Corporation acquired Cimbria Holdings Limited for DKK 2,234.9 million (approximately $337.5 million).
AGCO agreed on June 29, 2016 to acquire all of the stock of Cimbria Holdings Limited from Silverfleet Capital and management sellers for approximately $340 million, and closed the deal on September 12, 2016 for DKK 2,234.9 million (about $337.5 million), net of cash acquired. Headquartered in Thisted, Denmark, Cimbria is a leading global manufacturer of equipment used for seed processing and post-harvest grain handling, with production facilities in Denmark, Austria, the Czech Republic and Italy.
Cimbria broadened AGCO's grain and seed-processing platform, adding seed-conditioning and post-harvest handling technology and a European manufacturing footprint that extended the reach of the Grain & Protein business.
Advisory firms were not disclosed for this transaction.