AGCO announced yesterday that it has successfully completed its acquisition of Precision Planting, LLC., from The Climate Corporation, a subsidiary of Monsanto Company.
According to Eric Hansiota, senior vice president of AGCO, the agriculture giant will expand the benefits of Precision Planting’s digital agriculture innovations to its distribution network worldwide. AGCO will also be expanding the scope of solutions to enhance their equipment across the crop cycle, including their Fuse precision farming products and services.
This acquisition will strengthen AGCO’s position as a global leader in agritech manufacturing and production and as a full line partner for farmers, improving yields and profitability for growers everywhere.
Read the full story here: http://news.agcocorp.com/news/agco-closes-on-precision-planting-acquisition