AGCO acquires majority stake in PTx Trimble, forming a leading mixed-fleet precision ag platform
Acquiring Company
AGCO Corporation
Acquired Company
Trimble
Gabon
WestminsterSoftwareDescription
AGCO Corporation and Trimble have closed a joint venture transaction to create PTx Trimble, a new company that aims to better serve farmers globally with factory fit and retrofit applications in the mixed-fleet precision agriculture market. AGCO's acquisition of an 85% stake in PTx Trimble consolidates the JV into AGCO's financial statements and enhances AGCO's comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management, and sustainability.
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Frequently asked
Who acquired Trimble?
Trimble was acquired by AGCO Corporation, based in Gabon. The deal was reported on April 1, 2024. AGCO Corporation delivers customer value through its differentiated brand portfolio including core brands like Fendt, GSI, Massey Ferguson, Precision Planting and Valtra AGCO Corporation is privately held.
When did AGCO Corporation acquire Trimble?
AGCO Corporation's acquisition of Trimble was reported on April 1, 2024. AGCO Corporation and Trimble have closed a joint venture transaction to create PTx Trimble, a new company that aims to better serve farmers globally with factory fit and retrofit applications in the mixed-fleet precision agriculture market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Trimble do?
Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. It is publicly traded (TRMB), operating in Software, and is based in Westminster.
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