# 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.

- Type: Acquisition
- Announced: 2017-03-13
- Status: announced
- Products: balers, loader wagons, hay and forage equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [AGCO](https://endata.com/companies/6630.md) (acquirer)
- [Lely Group](https://endata.com/companies/22788.md) (target)

## Sources

- [investors.agcocorp.com](https://investors.agcocorp.com/news-releases/news-release-details/agco-announces-intended-acquisition-forage-division-lely-group), 2017-03-13: "AGCO Your Agriculture Company, announced today that it has reached agreement in principle to acquire the forage division of Lely Group."
- [realagriculture.com](https://www.realagriculture.com/2017/03/lely-focusing-on-robotics-sells-forage-division-to-agco/), 2017-03-14: "The integration of Lely's industry leading competence in hay and forage technology will further strengthen AGCO's full line product offering."

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