Agco to acquire trimble ag assets and technologies through a joint venture focused on next-generation precision ag technology

Duluth, ga.--(business wire)-- #agcoir--agco corporation (nyse: agco), a worldwide manufacturer and distributor of agricultural machinery and precision ag technology, announced it has entered into a joint venture (jv) with trimble (nasdaq: trmb), where agco will acquire an 85% interest in trimble's portfolio of ag assets and technologies for cash consideration of $2.0 billion and the contribution of jca technologies. the jv creates a global leading mixed-fleet precision ag platform that will be the exclu.
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