Farm equipment manufacturer and distributor AGCO (NYSE: AGCO) from Duluth, Georgia, reported third-quarter sales of approximately $2.7 billion, a 9.1% increase over the same period in 2020. Net sales for the first nine months of 2021 were approximately $8 billion, a 24% increase compared to the same period in 2020. For the first three quarters […]
Category: AGCO
AGCO Buys Faromatics to Bring ‘ChickenBoy’ Under its Roof
Farm equipment manufacturer and distributor AGCO (NYSE: AGCO, based in Duluth, Georgia, has bought Farm Robotics and Automation S.L (Faromatics), which is a “smart” livestock farming company. Terms of Monday’s deal weren’t disclosed. Faromatics, which was founded in 2016, is the creator of ChickenBoy, which is a ceiling-suspended robot that monitors broiler chickens and helps […]
