Lely Focusing on Robotics, Sells Forage Division to AGCO

(via Lely)

AGCO is expanding its forage equipment business, acquiring the forage division of Lely Group.

Lely, which is known more for its dairy equipment in North America, manufactures balers, loader wagons, mowers and rakes in Europe.

The two companies have reached an agreement-in-principle, which is expected to close in the fourth quarter of 2017.

“The integration of Lely’s industry leading competence in hay and forage technology will further strengthen AGCO’s full line product offering,” said Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer.

Lely, meanwhile, is focusing on the development of robotics and other dairy innovations, said CEO Alexander van der Lely.

“Lely intends to focus entirely on its role as innovator in the field of robotisation, and sensor and data systems for use on dairy farms. Over the last 15 years, these product groups have grown into a successful activity for Lely, with a great deal of potential for the future,” he said.

Production of Lely’s dairy products will remain in the Netherlands, Germany and the U.S.

 

 

Realag Machinery Insider

The realag team working as a group to bring you the latest in machinery content.

Trending

Drew Lerner’s summer forecast for Canada and the midwest United States

The weather feels like it has been the story of 2017 across North America. Many areas have felt the extremes of mother nature this growing season — too hot, too cold, too dry, too wet, too windy, depending on where you are. There was significant rain in Ontario last week, parts of the Great Plains…Read more »

Related

Leave a Reply