AGCO to acquire forage division of Lely Group

AGCO announced an agreement in principle to acquire the forage division of Lely Group, a manufacturer of balers and loader wagons in Europe. The transaction is subject to regulatory approval and expected to close in Q4 2017.

“AGCO Your Agriculture Company, announced today that it has reached agreement in principle to acquire the forage division of Lely Group.”investors.agcocorp.com

• 2 sources
• investors.agcocorp.comAGCO Announces the Intended Acquisition of the Forage Division of Lely Group | AGCOMar 13, 2017
• realagriculture.comLely Focusing on Robotics, Sells Forage Division to AGCO - RealAgricultureRealag Machinery InsiderMar 14, 2017

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