AGCO-Amity JV, LLC (AAJV), the corporate that markets the well-known model names of Harmony, Wil-Wealthy, and Wishek, introduced Could 26 it has been acquired by Sweden-based Väderstad AB.
Väderstad AB has acquired 100 per cent of AAJV and might be totally integrating it into the Väderstad international group of firms underneath the identify Vaderstad, Inc.
AAJV, based mostly in Wahpeton, North Dakota, was fashioned in 2011 by means of a 50/50 three way partnership between AGCO Company and Amity Expertise for the continued manufacturing of seeding and tillage merchandise underneath the Harmony, Wil-Wealthy, and Wishek model names.
A few of these merchandise have additionally been provided underneath AGCO’s Sunflower and Massey Ferguson manufacturers world wide. Immediately, AAJV has 110 workers, and is partnered with 270 sellers globally, most of them within the U.S.
Mats Båverud, CEO of Väderstad, says this acquisition is according to their long-term ambition to develop within the North American market.
“AAJV has a strong position on the U.S. market combined with a product portfolio that gives us a more complete product offering in North America. This was an excellent opportunity to increase our footprint in the U.S.,” Båverud says. “Our vision remains the same: to be the world’s leading partner for an outstanding emergence. With the acquisition of AAJV we’re even more excited about the future.”
The acquisition is Väderstad’s second massive funding within the North American market. The corporate took full management of Canadian-based firm Seed Hawk in 2013, after being half homeowners since 2006.