Tractor maker AGCO faces ransomware attack impacting its operations

Agricultural equipment maker AGCO said it experienced ransomware attack impacting operations at some of its production facilities.
AGCODuluth, Georgia, USA-based AGCO did not disclose the names of the facilities or if any data was stolen, but added it was still probing the extent of the cyber security incident that occurred on Thursday and working to repair its systems.

The company, which competes with larger rival Deere & Co to sell tractors and combines, manufactures and assembles products in 42 locations worldwide, including four locations where it operates joint ventures.

AGCO has 1,810 dealerships in North America. Dealers are now struggling to keep up with orders that were already backlogged. The company told dealers that it was prioritizing the most business critical systems in an e-mail to dealers.

AGCO, which recorded net sales of $11.1 billion in 2021, has three main manufacturing locations in the United States, with facilities in other countries such as China, Germany and France, according to its latest annual filing.

“Our investments in premium technology, sustainable smart farming solutions and enhanced digital capabilities support our farmer-first strategy and position us for future growth,” Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer, said recently.

The ransomware attack comes at a time U.S. agricultural equipment makers face persistent supply chain disruptions that have left them unable to meet equipment demand from farmers.

Related News

Latest News

Latest News