AGCO is getting into the retail business. The OEM announced its intent to acquire the ag assets of Cat dealer Boyd Co. in Louisville, Ky. The wholly owned subsidiary will operate as AgRevolution and is expected to begin operation on Jan. 1, 2021.
AGCO announced today its intention to acquire certain assets of Boyd Company of Louisville, Ky.Upon completion of the agreement, AGCO will form AgRevolution, an agricultural equipment dealership to provide industry-leading products and support services
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.