AGCO, announced intention to launch a tender offer for the outstanding shares of Kepler Weber S.A., the leading Brazilian manufacturer of grain storage and handling equipment.

AGCO, a worldwide manufacturer and distributor of agricultural equipment, announced intention to launch a tender offer for the outstanding shares of Kepler Weber S.A., the leading Brazilian manufacturer of grain storage and handling equipment. AGCO has reached a binding agreement to acquire their blocks of shares totaling approximately 35 percent of the outstanding shares. The price of the Offer will be 22.00 Brazilian Real (US 7.03 dollars) per share, valuing Kepler Weber at 578,9 million Brazilian Real (US 185 million dollars). “The acquisition of Kepler Weber would significantly enhance our market position in the South American grain handling and storage industry,” said Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “Kepler Weber’s products are complementary to our GSI’s offerings and are recognized by its customers for their design, quality and innovation. This combination would also provide significant marketing synergies and a leadership position in the South American market as well as further strengthen our capabilities to serve large global customers.”