Analysts at RW Baird believe AGCO should consider acquiring Caterpillar, according to a Feb. 23 report from Seeking Alpha. Analysts are quoted as saying, “The past 5 years have shown that the ag vertical is emerging as the machinery leader” in self-driving technology. Analysts also see potential in both retrofitting older equipment with technology and for AGCO to develop its own subscription revenue.
Analysts give the example of Deere’s acquisition of Wirtgen in 2017…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
