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In numerous reports (referencing the same interview) it’s being said that AGCO CEO Martin Richenhagen met with Fiat's chief executive Sergio Marchionne within the past few days.
In that conversation Richenhagen said his company would like to acquire Fiat’s CNH, if the business was for sale.
So really the question remains, “Is CNH for sale?”
In November, AGCO finished the acquisition of Laverda from the ARGO Group, which effects the company’s European harvesting business. This business transaction evolved from a 50% joint venture.
In U.S. joint venture news, AGCO and Amity Technology have entered an agreement to develop and distribute air seeding and tillage equipment.
Since its formation in 1990, AGCO Corporation has acquired more than two dozen ag companies and brands.
This would turn my love of Red Equipment into a great distaste, and would probably result in trading to green or suicide, dont know which would be worse. I think about all the companies that Agco has bought and cannot think of one positive thing that has come of it! And I thought the worst thing that could happen is putting a CNH badge on the side and paint them blue!
This is not good, this is not good. They dumped Allis last year who will they get rid of if they make this purchase. I like my dealer and the New Holland equipment. Agco market cap is 4 billion CNH is 10 and they get a construction div. It's a winner for AGCO and a looser for CNH.