Precision Planting Agrees to Acquire Creative Sites Media Business
Strengthens Focus on Developing Industry-Leading Software Solutions to Improve Farmers’ Profitability
TREMONT, Ill., Dec. 2, 2021 – Precision Planting, LLC, a subsidiary of AGCO Corporation (NYSE: AGCO), a leading provider of farmer-focused hardware and software technology to help farmers improve every season, today announced an agreement to acquire the business and assets of Creative Sites Media, Inc. (CSM), a leading software and app development company in Bloomington.
“CSM enhances Precision Planting’s IT, web development, and R&D software teams with expertise that will improve internal operations of the company as well as our farmer-focused software products,” said Justin Kauffman, general manager, Precision Planting. “The acquisition of CSM complements AGCO’s vision of being the trusted partner for industry-leading smart farming solutions and enabling precision agriculture.”
Precision Planting intends to retain the CSM team and maintain its operations in Bloomington. Included in this acquisition is CSM’s new innovation studio, also located in Bloomington, where the company plans to expand its recruiting, training, teaching, R&D and development.
Cautionary Statements Regarding Forward-Looking Information
Statements which are not historical facts, including expectations regarding the closing of the acquisition are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include, but are not limited to, the failure to satisfy closing conditions. Undue reliance should not be placed on these forward-looking statements, which are current as of the date of this release, and Precision Planting and Creative Sites Media, Inc. disclaim any obligation to update any forward-looking statements except as required by law.
About Precision Planting:
Precision Planting, LLC is the leading provider of practical and effective precision ag technologies to help make farmers smarter every season. Founded in Central Illinois, Precision Planting focuses on developing smart products that improve planting, liquid application and harvest operations on farms across the world. The company is also well-known for its unique and proven approach to addressing the current agronomic issues facing farmers and providing practical educational resources for improvement.