I own DE (one share); CNHI building position (some Youtube farmers use their equipment) AGGZF, they build the grain storage bins.
I notice many of these farms use fork lifts & telehandlers so been looking at JLG (OSK & JLG a subsidiary) and others. Many of these companies are building smart lifts( think Robot fork lifts) for warehouse/logistics.
Love AGCO but not cheap and may/could have problems selling into EU.
Have a price target for AGGZF in low $40's w/ avg cost at $21.50/share.
Maybe better values in these fork lift companies. Look at TER
17.5 Forward PE; very little debt; $19 Billion Market cap
I sold out at $105 and want to start a position again.
Teradyne to Acquire AutoGuide Mobile Robots
October 21, 2019
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Supplier of High-Payload Autonomous Mobile Robots Complements Teradyne MiR’s leading AMR positionAutoGuide offers uniquely modular autonomous mobile tuggers and forklifts for high-payload material transport of up to 10,000 pounds (4,500 kg).Autonomous industrial forklifts and tuggers are a high-growth, emerging segment of the global forklift market.Autoguide’s Surepath software enables easy deployment and operation of fleets of AMRs.AutoGuide complements Teradyne Mobile Industrial Robots’ (MiR) leading position in low- and mid-payload autonomous mobile robotsTeradyne provides financial strength, global reach and an Industrial Automation platform to support AutoGuide’s high growthNORTH READING, Mass., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Teradyne, Inc. (NASDAQ: TER) and AutoGuide Mobile Robots today announced they have entered into a definitive agreement under which Teradyne will acquire privately held AutoGuide for $165 million; $58 million net of cash acquired plus $107 million if certain performance targets are met extending potentially through 2022. The acquisition is expected to close in the fourth quarter of 2019, subject to customary closing conditions and regulatory approval.
AutoGuide provides autonomous mobile robots (AMRs) for material transport of payloads up to 10,000 pounds (4,500 kg) for the manufacturing, warehouse and logistics markets. Proven at leading manufacturers and warehouse providers including Pactiv, Ford and Husqvarna, AutoGuide is expected to more than double its revenue in 2019 from approximately $4 million in 2018. AutoGuide’s products include the Max N10 Tugger, Pallet Stacker and SurePath fleet management software.
The Max N10 Pallet Stacker autonomously identifies and lifts pallets, transports them to a specified destination and then stacks the pallets.The Max N10 Tugger autonomously pulls trailers or carts of material from point-to-point, including indexing for easy loading and unloading.SurePath fleet management software provides an easy means to specify routes, coordinating the autonomous lifting and transport of pallets, and managing Max N10 AMR traffic to optimize customers’ material transport. In response to market demand for easy-to-deploy autonomous mobile robots, AutoGuide’s advanced products offer the innovations to deliver easy deployment, improved safety, reduced costs and increased efficiency of industrial and warehouse material handling operations.
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