Agco to buy Lely’s forage wing


Lely are to sell their forage machine wing of the business to machinery giant AGCO the owner of Massey. Fendt and Valtra.

Agco to buy Lely’s forage wing

  • ADDED
  • 3 years ago

Lely are to sell their forage machine wing of the business to machinery giant AGCO the owner of Massey. Fendt and Valtra.

Lely have said the move will allow them to fully focus on its dairy operation and will allow AGCO to broaden their reach into forage harvest machinery.

CEO Alexander van der Lely explains: “Lely intends to focus entirely on its role as innovator in the field of robotisation, and sensor and data systems for use on dairy farms. Over the last 15 years, these product groups have grown into a successful activity for Lely, with a great deal of potential for the future. Besides the innovative milking robot, other products have also been developed that are primarily based on automation with the aid of robots.”

Lely employs around 2000 people in more than 60 countries.

Production of the forage machinery in the Netherlands by Lely will stop in March 2018. The 95 employees directly employed in the building of the forage machinery for Lely will transfer to AGCO but their job security is not guaranteed.

No sale price has been disclosed by either party.

The Joint Works Council in The Netherlands has been asked for its advice about the proposed sale, secondment and reorganisation of the organisation. The relevant trade unions have also been informed.

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