CHELSEA, Ala. (DTN) — AGCO announced late Tuesday an agreement to acquire Appareo Systems LLC, a leader in software engineering, hardware development and electronic manufacturing.
“We see Appareo as a great addition to support delivering high-quality, smart solutions to our farmers to maximize both their user experience and profitability,” AGCO’s Chairman, President and CEO Eric Hansotia said in a news release announcing the agreement.
AGCO’s purchase is another in a string of technology purchases by major agricultural machinery manufacturers featuring high skill sets in automation and autonomy — for example, in the areas of tracking, sensing and controlling.
AGCO had net sales of about $9.1 billion in 2020 from its core brands such as Challenger, Fendt, GSI, Massey Ferguson and Valtra. Appareo was founded in 2003 and is a provider of custom electronics and software design for off-highway and airborne equipment. Appareo is based in Fargo, North Dakota, with an additional design office in Paris, France.
Read the full story from our partners at DTN/Progressive Farmer here: https://www.mydtn.com/agriculture/web/ag/news/article/2021/12/22/agco-purchases-north-dakota-company