AGCO and Trimble Close Joint Venture, Form PTx Trimble
April 01, 2024 at 04:05 pm EDT
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AGCO Corporation and Trimble announced the closing of their joint venture (JV) transaction. The JV, known as PTx Trimble, combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company that will better serve farmers with factory fit and retrofit applications in the mixed-fleet precision
agriculture market. AGCO has acquired an 85% stake in PTx Trimble, and Trimble will hold a 15% stake. Going forward, the PTx Trimble JV will be consolidated into AGCO's financial statements. The formation of PTx Trimble enhances AGCO's comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability.
AGCO Corporation is a designer, manufacturer and distributor of agricultural machinery and precision agriculture technology. The Company sells a range of agricultural equipment, including tractors, combines, self-propelled sprayers, hay tools, forage equipment, seeding and tillage equipment, implements, and grain storage and protein production systems. It provides telemetry-based fleet management tools, including remote monitoring and diagnostics, which help farmers improve uptime, machine and yield optimization, mixed fleet optimization and decision support. The Company's Precision Planting, Headsight and Intelligent Ag Solutions brands provide retrofit solutions to upgrade farmers existing equipment to improve their planting, liquid application and harvest operations. The Companyâs Precision Planting, Headsight, JCA and Intelligent Ag Solutions brands also sell precision agriculture solutions around the crop cycle to third party original equipment manufacturers (OEMs).
AGCO CORPORATION 
