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Appareo Systems to be acquired by AGCO

AGCO, a manufacturer and distributor of agricultural machinery, has agreed to acquire Appareo Systems, a software engineering and electronic manufacturer. The acquisition is expected to close in January 2022.Appareo specializes in the research, development, design and manufacture of technologies that utilize Artificial Intelligence (AI), mechatronics, and electronics. Appareo has delivered technology that is focused on communication, monitoring, sensing, tracking and controlling devices and systems used in both the agricultural and aviation industries.In June, Appareo announced its new Airborne Image Recording System (AIRS) that is equipped for cellular data offload. It can record 4K Ultra HD video, capture pilot intercom system audio, ambient audio, and detailed flight data."We see Appareo as a great addition to support delivering high quality, smart solutions to our farmers to maximize both their user experience and profitability," said Eric Hansotia, AGCO's Chairman, President and Chief Executive Officer.AGCO will retain the Appareo team and maintain its operations in Fargo, North Dakota and Paris, France.
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