The joint venture is a $2 billion (US) deal which includes AGCO acquiring an 85 per cent interest in Trimble’s ag assets and technologies.
“This is the largest ag tech deal ever,” said Eric Hansotia, chairman, president and chief executive officer at AGCO. “And this is one of the most transformational events in our technology evolution.”
Trimble’s product portfolio includes displays, steering motors, application control, and software.
Hansotia said Trimble’s products accelerate his company’s growth ambitions around autonomy, precision spray, farm data management and sustainability.
