Agricultural equipment maker AGCO Corporation has agreed to acquire Intersystems Holdings Inc., a manufacturer of commercial material handling solutions. Financial terms of the transaction were not disclosed.
The buyout of Omaha, Nebraska-based Intersystems will help AGCO expand its grain-handling and storage business in its growing off-farm segment.
Duluth, Georgia-based AGCO is a global leader in the design, manufacture and distribution of agricultural machinery. It supports productive farming through a wide range of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production systems as well as other related replacement parts.