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AGCO Acquires Faromatics, a Precision Livestock Farming Company
Smart Solutions Drive Productivity for Customers’ Operations and Improve Animal Welfare
Faromatics is the creator of ChickenBoy, the world's first ceiling-suspended robot that monitors broiler chickens and helps farmers increase animal welfare and farm productivity. ChickenBoy uses a complete set of sensors to measure thermal sensation, air quality, light and sound. It also uses artificial intelligence (AI) to identify risks to health, welfare and farm equipment.
“This Faromatics acquisition supports our vision of being farmers’ most trusted partner for industry-leading, smart farming solutions across every area of our business,” said
“We have now reached a moment where the combination of great technology with global market reach has the potential to make a lasting impact on animal welfare and farm productivity,” said Dr.
Cautionary Statements Regarding Forward-Looking Information
Statements which are not historical facts, including expectations regarding the closing of the acquisition are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include, but are not limited to, the failure to obtain regulatory approvals, the failure to satisfy closing conditions. Undue reliance should not be placed on these forward-looking statements, which are current as of the date of this release, and AGCO and Faromatics disclaim any obligation to update any forward-looking statements except as required by law.