AGCO has agreed to acquire research and product development firm 151 Research to create new technology solutions for grain customers.
AGCO and 151 Research previously had an exclusive technology partnership to develop GSI GrainViz precision grain monitoring, which gives growers and commercial operators insight into the moisture content of the grain in their steel storage bins. This acquisition will allow AGCO to continue development of GrainViz and expand the work.
“Our grain customers are facing significant challenges due to difficulty finding labor, low commodity prices and tight margins,” said Stefan Caspari, AGCO senior vice president and general manager for grain and protein. “We need the sharpest minds working on finding answers to these challenges, and we believe this acquisition will help improve our customers’ operations through smarter technology.”
AGCO intends to retain the firm’s 45 current employees and to maintain the Winnipeg office as the smart grain technology center of excellence. The team is completing an initial release of GrainViz in a limited number of bins this fall.