FARGO, N.D. (November 11, 2010) – Amity Technology, LLC and Wil-Rich, LLC today announced they have agreed to merge and have signed a letter of intent with AGCO (NYSE: AGCO) to form a joint venture for the development and distribution of air seeding and tillage equipment. AGCO, based in Duluth, Georgia, is a leading provider of agricultural equipment worldwide. As part of the transaction, AGCO will acquire a 50% interest in selected air seeding and tillage product lines currently sold under the Amity, Wil-Rich and Wishek brand names. The resulting joint venture will be based in Fargo, North Dakota, and will develop, manufacture and distribute products sold under its existing brand names as well as selected AGCO brand names in the future. The transaction is expected to close before the end of 2010.
