AGCO to Acquire Precision Planting

Cindy ZimmermanAgribusiness, technology

AGCO reached an agreement last week to acquire the Precision Planting LLC equipment business from The Climate Corporation.

“The acquisition of Precision Planting will solidify AGCO as one of the global leaders in planting technology and strengthen our position as a full line partner for professional farmers across the globe,” said Martin Richenhagen, AGCO’s chairman, president and chief executive officer.

The Climate Corporation’s Climate FieldViewTM digital agriculture platform will retain connectivity with Precision Planting’s 20/20 SeedSense monitor.

Earlier this year, a deal for Deere to acquire Precision Planting was derailed under pressure from the Department of Justice.