AGCO's $2 Billion Deal With Trimble Aims at Next-Level Precision Tech

Posted by Growing Produce Staff|September 29, 2023

AGCO Corp., a worldwide manufacturer and distributor of agricultural machinery and precision ag technology, announced it has entered into a joint venture with Trimble, where AGCO will acquire an 85% interest in Trimble’s portfolio of Ag assets and technologies for cash consideration of $2 billion and the contribution of JCA Technologies.

The joint venture creates a global leading mixed-fleet precision ag platform that will be the exclusive provider of Trimble Ag’s comprehensive technology offering, supporting the future development and distribution of next-generation ag technologies. Trimble Ag offers a wide variety of user-friendly technologies compatible across brands, equipment models and farm types. Its hardware, software solutions and cloud-based applications span all aspects of the crop cycle, from land preparation to planting and seeding to harvest.

“This landmark transaction creates a JV that becomes the premier mixed-fleet precision ag business in the world and accelerates AGCO’s strategic transformation,” says Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer. “This deal significantly enhances AGCO’s technology stack with disruptive technologies that cover every aspect of the crop cycle, which ultimately helps us better serve farmers no matter what brand they use.”

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