There’s no shortage of competition among precision farming manufacturers, with both OEM and aftermarket suppliers jockeying for market share. Acquisitions and strategic partnerships continue to shape the future of the industry.
Monsanto Co. today announced that its Board of Directors unanimously views the Bayer AG proposal as incomplete and financially inadequate, but is open to continued and constructive conversations to assess whether a transaction in the best interest of Monsanto shareowners can be achieved.
Agrimoney.com is reporting that on Monday Bayer revealed it had offered $62 billion in cash for U.S.-based Monsanto, “which would be the biggest foreign takeover by a German group."
The owners of Apache sprayers manufacturer, ET Works LLC, Mooresville, Ind., have agreed a buyout by Exel Industries of France, parent group of the Berthoud, Hardi and Tecnoma sprayer companies.
Albert Zahalka, president of Topcon Precision Agriculture, talks about the company's recent acquisitions and how they impact their product offering. Topcon has made 4 acquisitions in the last 12 months to significantly broaden the company's operating base.
At this week's Agritechnica show in Hannover, Germany, Joe Denniston, VP of Trimble's Ag Division, weighed in on what the pending acquisition of Canada-based ag consulting firm, Agri-Trend, will mean for both companies and their dealers.
Trimble announced it will acquire the assets of privately held Agri-Trend of Red Deer, Alberta, Canada, which operates the largest network of independent agricultural consultants in North America.
Talking with the owners of few precision farming companies that have seen growth in Precision Planting sales in recent years, they offered a mixed reaction to the news.
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