AGCO Corporation acquired Farmer Automatic GmbH & Co. KG for approximately $17.9 million.
On April 17, 2015 AGCO acquired Farmer Automatic GmbH & Co. KG for approximately $17.9 million, net of cash acquired. Headquartered in Laer, Germany, Farmer Automatic manufactures and supplies poultry housing and related products, including egg-production cages.
The tuck-in strengthened AGCO's protein-production equipment offering, deepening the poultry and animal-housing capabilities that sat alongside its grain systems in the Grain & Protein business.
Advisory firms were not disclosed for this transaction.