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AGCO Announces Ransomware Attack

BusinessWire_EN 
0 0 06.05.22
AGCO Announces Ransomware Attack: https://mms.businesswire.com/media/20191202006003/en/760023/5/agco_logo_w_descriptor2C.jpg
 

AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, announced today that on May 5, 2022, it was subject to a ransomware attack that has impacted some of its production facilities. AGCO is still investigating the extent of the attack, but it is anticipated that its business operations will be adversely affected for several days and potentially longer to fully resume all services depending upon how quickly the Company is able to repair its systems. The Company will provide updates as the situation progresses.

Cautionary Statements Regarding Forward-Looking Information

Our expectations with regard to resolving the issues are forward-looking statements, and actual results could be materially different due to a number of factors, including our ability to successfully reinstall software and restore IT operations at the effected sites.

About AGCO

AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $11.1 billion in 2021. For more information, visit www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

Please visit our website at www.agcocorp.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220506005290/en/

Agco Corp. Stock

€81.28
1.020%
There is an upward development for Agco Corp. compared to yesterday, with an increase of €0.82 (1.020%).
With 21 Buy predictions and not a single Sell prediction Agco Corp. is an absolute favorite of our community.
With a target price of 134 € there is a hugely positive potential of 64.86% for Agco Corp. compared to the current price of 81.28 €.
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