In its 2Q23 earnings report released July 27, AGCO reported $704.1 million in sales of combines, application equipment and other machinery for the first half of 2023, a 65.7% year-over-year increase.
This was the largest year-over-year increase seen in the last 5 years in this equipment category and a 5-year high. Sales in this category also represented 36.7% of AGCO’s total North American net sales for the first half of the year, up from 29.5%…
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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
