Manufacturer & Dealer Issues

Monsanto To Acquire The Climate Corporation

Monsanto Company (NYSE: MON) today announced it has signed a definitive agreement to acquire The Climate Corporation for a cash purchase price of approximately $930 million. The acquisition will combine The Climate Corporations expertise in agriculture analytics and risk-management with Monsanto's R&D capabilities, and will provide farmers access to more information about the many factors that affect the success of their crops. The companies combined capabilities will support greater productivity while utilizing the planet's finite resources more precisely.
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From the Desk of Dave Kanicki

Will CNH Learn From IH's Mistakes?

If the new company formed by the merger of CNH Global and its parent company, Turin, Italy-based Fiat Industrial S.P.A., looks familiar to you old timers, it should. The major businesses of the new CNH Industrial farm equipment, construction equipment and trucks are nearly identical to that of International Harvester when it was the big dog of equipment and truck manufacturers.
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AGCO and Russian Machines Create Joint Venture

AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, and Russian Machines, part of the Basic Element group and one of the leaders in the Russian machinery sector, today announced the creation of a new joint venture in order to manufacture and distribute agricultural equipment and replacement parts in Russia. AGCO and Russian Machines plan to make a total investment of approximately US$ 100 million in the joint venture over the next three years.
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Challenger Launches MT800E Series Track Tractors

Challenger, a worldwide brand of AGCO (NYSE: AGCO), is helping farmers take on the toughest conditions with the Challenger MT800E Series track tractors, introduced first in North America. Available in four models ranging from 450 to 590 engine HP, these rugged and reliable machines pair efficient new AGCO POWERTM 168, 16.8L diesel engines with efficiency-boosting features for unmatched power and productivity.
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