Väderstad AB has acquired 100 percent of North Daktota-based AGCO-Amity JV LLC (AAJV).
AAJV - also known under the name Wil-Rich - will be fully integrated into the Väderstad global group of companies under the company name Vaderstad Inc.
AAJV was formed in 2011 through a 50/50 joint venture between AGCO Corp. and Amity Technology for the continued manufacturing of seeding and tillage products under the Concord, Wil-Rich and Wishek brand names. The company has 270 dealers globally, most of them in the United States.
Väderstad say the integration of AAJV allows them to gain access to distribution outlets in the USA, a manufacturing facility in the USA as well as benefit from the heritage and reputation of the brands.
Väderstad president and CEO Mats Båverud said, “This acquisition is in line with our long-term ambition to grow on the North American market. AAJV has a strong position on the US market combined with a product portfolio that gives us a more complete product offering in North America."
AAJV has 110 employees and a manufacturing facility of 30 000 m2, a parts distribution warehouse, and a research and development facility in Wahpeton, North Dakota. Their product line serves a range of tillage and seeding needs such as field cultivators, disc harrows, shank drills, disc drills and air carts.