LMV - Jobbörse

AGCO has agreed to acquire Cimbria Holdings Ltd., DK, - 06.2016

agrartechnik-jobs.de: AGCO, DULUTH, GA / A/S CIMBRIA, Thisted, DK: -- AGCO, Your Agriculture Company (NYSE:AGCO), announced today that it has agreed to acquire Cimbria Holdings Ltd. for approximately $340 million from Silverfleet Capital. Cimbria, based in Thisted, Denmark.  “The acquisition of Cimbria significantly enhances our market position in the European grain handling and storage industry,” said Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer.  “Cimbria’s products are complementary to our GSI’s offerings and are recognized by its customers for their design, quality and innovation. This combination also provides significant marketing and cost saving synergies and will provide us with a global leadership position in the seed handling industry as well as further strengthen our capabilities to serve large global customers. With margins similar to GSI, the acquisition of Cimbria provides us an attractive opportunity to grow our business and expand our margins.” Rabobank is acting as financial advisor and Herbert Smith Freehills is serving as legal advisor to AGCO. -  ... read more - agribusiness-jobs.de lmv-jobboerse - lmv-presse - Manfred Lorenzen, Soest
Qelle: AGCO - Corporate Headquarters, Duluth, GA 30096, USA / A/S CIMBRIA, Thisted, DK