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AGCO Corp to buy Cimbria from Silverfleet Capital

  • Region:

    Denmark

  • Sector:

    Capital Goods

  • Deal Size:

    $344 million

  • Buy Side Company:

    AGCO Corp
  • Sell Side Company:

    Silverfleet Capital
  • Target Company:

    Cimbria

Silverfleet Capital has agreed to sell Cimbria, a Danish maker of equipment and processing lines for seed and grain, to AGCO Corp for about $344 million. Cimbria, headquartered in Thisted in Denmark, is a leading global manufacturer of equipment used for seed processing and post-harvest grain handling. Silverfleet acquired Cimbria in April 2013 having identified the potential to build an international leader of scale in the seed and grain-processing sector. Silverfleet recognised that Cimbria’s products are well placed to serve the need for greater agricultural productivity that the expanding global demand for grain and other crops requires. Under its ownership, Silverfleet has led an ambitious expansion strategy, which has generated substantial growth in revenue and profits.

Tags:

M&A,Silverfleet Capital,Mergers & Acquisitons,Private Equity Deals,PE Deals,PE Exit,AGCO Corp,Cimbria,equipment and processing