AGCO [NYSE: AGCO] Announces Acquisition of Appareo Systems

AGCO Corporation [NYSE: AGCO] revealed that it has acquired Appareo Systems, LLC (Appareo) which is a prominent leader in software engineering, hardware development, and electronic manufacturing. Appareo is situated in Fargo, North Dakota. As per the acquisition agreement, AGCO is planning to keep the Appareo team and manage its operations in Fargo, North Dakota, and Paris, France.

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Appareo focuses on the research, development, design, and production of tangible technology that incorporates artificial intelligence, mechatronics, and cutting-edge electronics to provide great client value. The networking, tracking, detecting, locating, and regulating devices and systems utilized in the agricultural and aviation industries, as well as other off-road enterprises, are the emphasis of Appareo’s solutions.

Appareo has built a world-class organization with remarkable capabilities in emerging technological domains to handle very complicated customer problems. Appareo is a wonderful addition to AGCO in terms of supporting the delivery of high-quality, smart solutions to its farmers in order to maximize both their user experience and revenue.

Furthermore, Appareo’s entry broadens the company’s portfolio and talent pool as it pursues its goal of providing innovative technological solutions to farmers all around the world. Moreover, the companies disclosed that the acquisition agreement is likely to finalize in January 2022.