AGCO, a worldwide manufacturer and distributor of agricultural equipment, announced recently that it has agreed to acquire Intersystems Holdings Inc. and subsidiary, subject to certain regulatory approvals. Headquartered in Omaha, Nebraska, U.S., Intersystems is a leading manufacturer of commercial material handling solutions sold to grain operations globally.
“Intersystems products are recognized for their performance, quality and efficiency by its customers, including feed mills, inland grain terminals and sea port facilities. The company is an excellent fit with GSI and will allow us to expand our grain handling and storage business in the fast growing off-farm segment,” stated Martin Richenhagen, AGCO’s chairman, president and chief executive officer.
AGCO is a global leader focused on the design, manufacture and distribution of agricultural machinery. In 2013, AGCO had net sales of $10.8 billion. AGCO products are sold through five core machinery brands, Challenger, Fendt, Massey Ferguson, Valtra and GSI, and are distributed globally through 3,100 independent dealers and distributors in more than 140 countries worldwide.
(Source – http://www.blackseagrain.net/novosti/agco-acquires-intersystems)