Customers Will Be Provided Breakthrough Innovation Resulting in
Higher Efficiencies and Improved Yield
DULUTH, Ga.--(BUSINESS WIRE)--Nov. 5, 2014--
AGCO
Corporation (NYSE:AGCO) and Appareo
Systems announced today that they have agreed to enter a joint
venture, building on the existing IAS (Intelligent Agricultural
Solutions) business structure, to allow for breakthrough agricultural
innovation. This collaboration will focus on the need for more advanced
electronic technology centered around data collection, wireless
communication, advanced sensors and intelligent machine control. The
proposed joint venture will build on the momentum of Fuse™ Technologies,
AGCO’s next generation approach to precision agriculture and precision
machine management. Appareo will contribute to the initiative through
research and development, Intellectual Property (IP) generation and
advanced technology concept development, which will be deployed through
AGCO Technology Solutions.
Barry Batcheller, Chairman and CEO Appareo Systems and Eric Hansotia, SVP ATS & Harvesting at AGCO (Photo: Business Wire)
The joint venture will develop technology for advanced machine control
systems, sensing applications, automated subsystems, machine prognostics
and machine health monitoring, specific protein and grain control
systems, and development of innovative electromechanical devices and
systems. This will provide AGCO and Appareo Systems a key vehicle to
deliver advanced technology and equipment management solutions,
supporting a variety of crop types and markets globally.
“Global agriculture is going through a period of revolutionary change.
The need for more advanced electronic technology focused on data
collection, wireless communication, advanced sensors/sensor fusion and
intelligent machine control has grown exponentially. As we continue to
build on AGCO’s Fuse strategy, we intend to leverage the new partnership
with Appareo as a key driver in building the most adept and most open
data system available to the industry”, said Eric Hansotia, Senior Vice
President, Global Harvesting, Advanced Technology Solutions (ATS). “As
the agricultural industry shifts, there is a greater need for more
advanced technology, and we anticipate that this partnership will
provide breakthrough innovation making our customers more profitable
while supporting their mixed fleet operations.”
“Appareo is very excited about forming this exciting new partnership
with AGCO, the world’s largest manufacturer focused strictly on
agricultural equipment,” said Barry Batcheller, Appareo Chairman and
CEO. “The unique contributions that each partner brings to this business
will enable the unprecedented infusion of new to the world technologies
into production agriculture.”
For more information about Fuse Technologies and AGCO’s new connected
strategy, visit www.agcotechnologies.com.
Visit www.appareo.com
to learn more about Appareo’s developments in agriculture.
ABOUT AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and
distribution of agricultural machinery. AGCO supports more productive
farming through a full line of tractors, combines, hay tools, sprayers,
forage equipment, grain storage and protein production systems, tillage
implements and replacement parts. AGCO products are sold through five
core machinery brands, Challenger®, Fendt®, GSI®,
Massey Ferguson® and Valtra® and are distributed
globally through approximately 3,100 independent dealers and
distributors in more than 140 countries worldwide. Founded in
1990, AGCO is headquartered in Duluth, Ga., USA. In 2013, AGCO had net
sales of $10.8 billion. www.AGCOcorp.com
ABOUT APPAREO SYSTEMS
Appareo Systems, LLC is a recognized leader in the custom design,
development and manufacture of innovative electronic and software
solutions for aerospace and agriculture original equipment
manufacturers. Through the creative application of cutting-edge
technologies, Appareo creates complex end-to-end solutions that include
both mobile and cloud-based components. Appareo also provides advanced
research services for electro-optic, electromechancial, kinematic and
MEMS-based sensors. The company is privately held, with world
headquarters located in Fargo, ND at the North Dakota State University
Research and Development Park. Learn more at www.appareo.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20141105005060/en/
Source: AGCO
AGCO
Whitney West, 770-813-6049
Whitney.West@agcocorp.com
or
Emily
Richardson, 770-232-8418
Emily.Richardson@agcocorp.com
