Egorov Puginsky Afanasiev & Partners Ukraine has advised Intersystems Holdings Inc. ("Intersystems") in connection with obtaining merger clearance with the Antimonopoly Committee of Ukraine for the acquisition of Intersystems by AGCO. The acquisition will expand AGCO’s grain handling and storage business in the fast growing off-farm segment. Financial terms of the transaction were not disclosed. The transaction was closed on August 1, 2014.
AGCO is a global leader focused on the design, manufacture and distribution of agricultural machinery. AGCO products are sold through five core machinery brands, Challenger®, Fendt®, Massey Ferguson®, Valtra® and GSI®, and are distributed globally through 3,150 independent dealers and distributors in more than 140 countries worldwide. Founded in 1990, AGCO is headquartered in Duluth, Georgia, USA.
Headquartered in Omaha, Nebraska, Intersystems is a leading manufacturer of commercial material handling solutions sold to grain operations globally. Intersystems reaches a worldwide market and numerous industries with expertise in the engineer and manufacture of bulk material handling products, industrial sampling systems and automatic filling and conveying systems.
Egorov Puginsky Afanasiev & Partners' Ukraine competition team was led by Partner Andrew Mac and comprised Counsel Oleg Boichuk and Associate Nadiya Dmytrenko.