Your Reading List

AGCO invests in Greeneye Technology

Published: March 11, 2022

,

Will Greeneye Technology’s precision spray system soon become an option on Fendt Rogator sprayers? AGCO announced last December it has become an investor in Greeneye.

In mid-December last year, AGCO announced it had made an equity investment in Israel-based Greeneye Technology, acquiring 2.9 per cent of the young startup firm that has begun offering retrofit precision-spraying technology. The Greeneye system is based on artificial intelligence and deep machine learning, which enables intelligent, real-time decisions in the field that can significantly reduce chemical use. 

“Our investment in Greeneye Technology complements AGCO’s farmer-first strategy, which has been designed to deliver industry- leading smart farming solutions that improve our customers’ net farm incomes,” said Eric Hansotia, 

AGCO’s chairman, president and CEO, in a press release. “Greeneye Technology has a strong focus on solving real customer needs and has demonstrated the ability to develop innovative solutions that provide measurable customer benefits.” 

Read Also

Agco expects new cutting-edge products like the company’s Outrun automated grain cart operating system to help push net sales for 2026 to between $U.S.10.4 and 10.7 billion globally. Photo credit: Scott Garvey

Soft North American farm machinery market hits Agco profits

North America was the weakest of Agco’s sales markets in the latest fiscal year for the farm equipment manufacturer, Scott Garvey reports.

AGCO joins Syngenta as ag industry investors in Greeneye. It’s probably no stretch of the imagination to expect to see Greeneye’s spot-spray technology make an appearance on the options list of future Fendt Rogator sprayers. Grainews will keep you posted on if and when that happens.

About the author

Scott Garvey

Scott Garvey

Machinery editor

Scott Garvey is senior editor for machinery and equipment at Glacier FarmMedia.

explore

Stories from our other publications