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AGCO signed a letter of intent to form a joint venture with Amity Technology, acquiring a 50% interest in selected air seeding and tillage product lines sold under the Amity, Wil-Rich and Wishek brands. The joint venture will be based in Fargo, North Dakota and is expected to close before the end of 2010.
“AGCO has signed a letter of intent to form a joint venture with Amity Technology, LLC for the development and distribution of air seeding and tillage equipment.”agweb.com
Summarized from public sources; check the original articles before acting on it.