# AGRAVIS Raiffeisen to acquire 90% stake in CLAAS Hessen

AGRAVIS Raiffeisen AG has agreed to acquire 90% of the shares in CLAAS Hessen GmbH, subject to approval by the German Federal Cartel Office. The acquisition aims to expand AGRAVIS's market position in regional agricultural technology trade.

- Type: Acquisition
- Announced: 2016-11-16
- Where: Hessen, Germany
- Status: announced
- Products: agricultural machinery, agrartechnik
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [AGRAVIS Raiffeisen](https://endata.com/companies/20086.md) (acquirer)
- [CLAAS Hessen](https://endata.com/companies/20087.md) (target)
- [CLAAS Vertriebsgesellschaft](https://endata.com/companies/20088.md) (partner)

## Sources

- [presse-board.de](https://www.presse-board.de/agravis-uebernimmt-mehrheit-bei-der-claas-hessen-gmbh/), 2016-11-16: "Durch die geplante Mehrheitsübernahme an der CLAAS Hessen GmbH sehen wir weitere Wachstumsmöglichkeiten."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.