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UPDATE 2-Amid sour ag economy, Deere to buy Monsanto equipment maker unit

2015-11-04 12:26:23| Industrial Machines - Topix.net

Monsanto Co's Climate Corp will sell its Precision Planting farm equipment business to Deere & Co for an undisclosed sum, a move that underscores how turmoil in the agriculture sector has made it ripe for consolidation. For Climate, a unit of the world's largest seed company, the deal marks the latest push to shed businesses that are not focused on either software or services, Climate President Mike Stern said.

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