AGCO Intends to Acquire Lely Group's Forage Division

March 13, 2017 04:42 PM
Lely forage collage

In a short statement issued earlier today, AGCO Corporation says it has reached “agreement in principle” to acquire the forage division of Lely Group. Lely’s forage lineup includes a broad range of equipment, including mowers, tedders, rakers, balers and more.

AGCO says the transaction is expected to close in the fourth quarter of 2017, subject to regulatory approvals. The company also says it has started the process of employee consultation.

“The integration of Lely’s industry-leading competence in hay and forage technology will further strengthen AGCO’s full line product offering,” says Martin Richenhagen, AGCO’s chairman, president and chief executive officer.

Lely CEO Alexander van der Lely says moving forward, Lely intends to focus entirely on innovations in “robotisation and sensor/data systems” for dairy farmers.

Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer