AGCO to acquire Appareo Systems

Move said to increase AGCO’s engineering and manufacturing capabilities as well as capacity in software development and related hardware.

Agco

AGCO, a global manufacturer and distributor of agricultural machinery and precision ag technology, announced an agreement to acquire Appareo Systems LLC, a supplier of software engineering, hardware development and electronic manufacturing. The acquisition is expected to close in January 2022. Terms were not disclosed.

“We see Appareo as a great addition to support delivering high quality, smart solutions to our farmers to maximize both their user experience and profitability. The addition of Appareo enhances our portfolio and talent as we execute our strategy to provide advanced technology solutions to farmers around the world.”

AGCO Appareo’s Gateway 370 is a rugged, lightweight edge computing platform for mobile equipment applications that provides a wide range of communication technologies.

Appareo, based in Fargo, N.D., specializes in the research, development, design, and manufacture of tangible technology that utilizes artificial intelligence, mechatronics, and innovative electronics designed to deliver customer value. The solutions Appareo has delivered are focused on communication, monitoring, sensing, tracking and controlling devices and systems used in the agricultural and aviation industries as well as other off-road businesses.

“Appareo has developed a world-class organization with exceptional capabilities to solve highly complex customer problems in emerging technology areas,” said Eric Hansotia, AGCO’s Chairman, president and Chief Executive Officer. “We see Appareo as a great addition to support delivering high quality, smart solutions to our farmers to maximize both their user experience and profitability. The addition of Appareo enhances our portfolio and talent as we execute our strategy to provide advanced technology solutions to farmers around the world.”

AGCO said it intends to retain the Appareo team and maintain its operations in Fargo and Paris, France.

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