AGCO and The Climate Corporation, a subsidiary of Monsanto Company, announced today that a definitive agreement has been signed for AGCO to acquire the Precision Planting LLC equipment business.

 

“Precision Planting is a strong business that plays an essential role in the growth and adoption of innovative precision ag practices that help farmers enhance their productivity,” says Mike Stern, chief executive officer for The Climate Corporation. “As a leading global equipment manufacturer, AGCO is uniquely positioned to enable broader distribution of Precision Planting technology and will continue the development of innovative products that improve the efficiency and productivity for farmers around the world.”