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Build it and they will come... a report on the Isle of Man's first seminar for the industry
3 hours ago by: Cranfield
"A fantastic tool for promoting our wonderful industry and th ..."
Build it and they will come... a report on the Isle of Man's first seminar for the industry
4 hours ago by: Mike
"No, Barry. Said camera was placed in a safe, which was then ..."
Build it and they will come... a report on the Isle of Man's first seminar for the industry
4 hours ago by: Barry Pace
"Is that his bloomin camera on the table.................?"
Build it and they will come... a report on the Isle of Man's first seminar for the industry
1 day ago by: Mike
"Another fine speaker, and terrific company for the best part ..."
Build it and they will come... a report on the Isle of Man's first seminar for the industry
1 day ago by: Mike
"Thank you, Andy, very kind. Very time consuming, over a s ..."
By Mike Bird in Industry on 11th Nov 2010 9:00
Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, today announced that it has agreed to acquire Sparex Holdings Ltd and its trading subsidiaries from Rubicon Partners Industries LLP for £53 million. Sparex is a leading independent, global distributor of accessories and tractor replacement parts serving the agricultural aftermarket. Headquartered in Exeter, United Kingdom, Sparex has operations in 17 countries and exports to over 75 countries.
The transaction is expected to close before the end of 2010 once competition authority approval is obtained.
"Sparex is an excellent fit with AGCO and will allow us to extend our reach in the agricultural aftermarket and provide our customers with an even wider range of products and services," stated Martin Richenhagen, AGCO's Chairman, President and Chief Executive Officer. "Sparex will continue to trade as an independent business and market their products through existing channels."
AGCO, Your Agriculture Company (NYSE: AGCO), was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, implements and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are distributed globally through more than 2,700 independent dealers and distributors, in more than 140 countries worldwide. Financing is available through AGCO Finance.. AGCO is headquartered in Duluth, Georgia, USA. In 2009, AGCO had net sales of $6.6 billion. Please visit our website at www.AGCOcorp.com .
Read more articles in Industry, by Mike Bird or from November 2010.
