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
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