Vermeer sells minority interest in Lely Vermeer Maschinenfabrik, Gmbh

Vermeer Corporation, manufacturer of agricultural and industrial equipment, announced the sale of its minority interest in Lely Vermeer Maschinenfabrik, Gmbh to Lely Holding.

The two companies have successfully collaborated on a number of projects over the last two decades, and this move will allow each organization to focus on their respective core markets.

“Lely and Vermeer have had a close working relationship since the mid-1980s. As the market changes, this is a natural evolution,” says Vermeer Executive Vice President and CMO, Mark Core. “For Vermeer, this means a continued, but elevated focus on delivering undeniable value and confidence to North American farmers and ranchers who rely on Vermeer for innovation in the round baler category, as well as the products that support them in the field.”

Moving forward, Lely will continue to be a key supplier for Vermeer.

About Vermeer

Vermeer Corporation delivers a real impact in a progressing world through the manufacture of high-quality agricultural, underground construction, surface mining, tree care and environmental equipment. With a reputation for durability and reliability, that equipment is backed by localized customer service and support provided by independent dealers around the world. To learn more about Vermeer Corporation, products, the dealer network and financing options, visit vermeer.com.

Vermeer and the Vermeer logo are trademarks of Vermeer Manufacturing Company in the U.S. and/or other countries.

© 2016 Vermeer Corporation. All Rights Reserved.

Recent News Articles

Vermeer team remains grateful through uncertain times

Nov 23, 2020

The year 2020 has been unprecedented, and it has been a challenge to remain positive through the uncertainty. Now more than ever, it is important to remember the things — large and small — we can still be grateful for. To help us remember these things, Vermeer team members and dealers from around the world have shared what they are grateful for this year.

Read More

Meet Carlos Cervantes, buyer in the Parts Distribution Center

Nov 20, 2020

Meet Carlos Cervantes, buyer in the Parts Distribution Center who is currently working from home. Carlos makes a real impact by having parts ready when and where customers need them.

Read More

The next generation of advanced manufacturing at Vermeer

Oct 20, 2020

Automation has helped keep team members safe and remove waste from processes in the plants at Vermeer. However, the automated guided vehicles (AGVs) were damaged in the tornado to the point that they had to be decommissioned. We're excited to share the next generation of automation at Vermeer – autonomous mobile robots (AMRs).

Read More