AGCO Acquires 60% of Santal Equipamentos

AGCO announces it will acquire 60% of Santal Equipamentos, a Brazilian manufacturer of sugar cane harvesting equipment.

AGCO, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural equipment, announces that it has agreed to acquire 60% of Santal Equipamentos for $31 million, subject to regulatory approval. Headquartered in Ribeirão Preto, Brazil, Santal Equipamentos manufactures and distributes sugar cane planting, harvesting, handling and transportation equipment and replacement parts across Brazil.

“Santal’s products are recognized for their strength, quality and fuel efficiency by its customers, including the largest sugar producers in Brazil. Santal is an excellent fit with AGCO and will allow us to expand our offering in the Brazilian sugar cane sector and provide our customers with an even wider range of products and services,” states Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer.