AGCO ransomware attack disrupts tractor sales during U.S. planting season

 

By Bianca Flowers and Nathan Gomes, Reuters 

May 6, 2022

 

May 6 (Reuters) - U.S. agricultural equipment maker AGCO Corp (AGCO.N) said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season.

 

Georgia-based AGCO said in a statement it expects operations at some facilities to be affected for "several days and potentially longer."

 

The ransomware attack comes at a time U.S. agricultural equipment makers were already facing persistent supply chain disruptions and labor strikes that left them unable to meet equipment demand from farmers.

 

AGCO did not disclose the names of the facilities or if any data was stolen, but said it was still probing the extent of the attack that occurred on Thursday and working to repair its systems.

 

Tim Brannon, president and owner of B&G Equipment Inc in Tennessee, told Reuters he has not been able to access AGCO's website for ordering and looking up parts since Thursday morning.

 

"We just have to trust that it will be over as soon as possible because we are coming into our busiest time of the year and it will be very damaging to our business and customers," Brannon said.

 

AGCO, which competes with larger rival Deere & Co (DE.N), sells tractors and combines, manufactures and assembles products in 42 locations worldwide with 1,810 dealerships in North America.

 

Dealers are now struggling to keep up with orders that were already backlogged...

 

more

https://www.reuters.com/business/agco-says-some-production-facilities-hit-by-ransomware-attack-2022-05-06/