Construction M&A » By The Online Investor Staff, updated Tue., Dec. 6, 9:45 AM
Recent mergers and acquisitions in the Construction M&A category.
| This Slide: #52 of 100 |
Slide #52. Grain Systems, Inc. — Johnson System Inc.
Acquirer:
Grain Systems, Inc. (NYSE:AGCO)
Acquiree:
Johnson System Inc.
Details:
Grain Systems, Inc. (GSI), a global brand of AGCO (NYSE:AGCO), announced today that it has purchased Johnson System Inc. (JSI), a leading manufacturer of catwalks, towers and support structures based in Marshall, Michigan.
AGCO is a manufacturer and distributor of agricultural equipment and related replacement parts throughout the world. Co. sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. Co.'s products are used in the agricultural equipment industry and are marketed under a number of brands, including: Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by its Fuse® precision agriculture solutions. Co. also provides retail and wholesale financing through its finance joint ventures with Cooperatieve Rabobank U.A.
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Avg. Broker Rec.
 
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Buy (3.17 out of 4) 34th percentile
(ranked lower than approx. 66% of all stocks covered)
Analysts' Target Price: AGCO Stock Forecast Based on Zacks ABR data; powered by Xignite |
