AGCO To Acquire Intersystems - Quick Facts

(RTTNews) - Agricultural equipment maker AGCO Corp. (AGCO) Friday announced that it has agreed to acquire Intersystems Holdings Inc. and subsidiary, intended to expand material handling capabilities.

Headquartered in Omaha, Nebraska, Intersystems manufacturers commercial material handling solutions sold to grain operations globally.

"Intersystems products are recognized for their performance, quality and efficiency by its customers, including feed mills, inland grain terminals and sea port facilities. The company is an excellent fit with GSI and will allow us to expand our grain handling and storage business in the fast growing off-farm segment," stated Martin Richenhagen, AGCO's Chairman, President and Chief Executive Officer.