AGCO and Trimble Form PTx Trimble Joint Venture (AGCO 85% Stake)

April 1, 2024

AGCO Corporation and Trimble have closed a joint venture to form PTx Trimble, combining Trimble's precision agriculture business with AGCO's JCA Technologies. AGCO acquired an 85% stake (Trimble holds 15%), will consolidate the JV into its financials, and expects the combined precision ag revenue to exceed $2.0 billion by 2028.

Buyers
AGCO Corporation, Trimble Inc.
Targets
PTx Trimble, Trimble precision agriculture business, JCA Technologies
Sellers
Trimble Inc.
Industry
Agriculture
Location
Georgia, United States
Transaction Type
Buyout

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