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Farms.com Home  › Farm Equipment News

AGCO and Trimble Close Joint Venture, Form PTx Trimble

DULUTH, Ga. and WESTMINSTER, Colo.,  /PRNewswire/ -- AGCO Corporation (NYSE: AGCO) and Trimble (Nasdaq: TRMB) today 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.

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Trending Video

We’ll NEVER Use These Grain Bins Again!

Video: We’ll NEVER Use These Grain Bins Again!


A huge change is happening on the farm — our new grain bin has officially arrived, and that means we’ll never use some of our old grain bins again. In today's video, we take delivery of the new grain bin, look back at the old bins that have been part of our farm for years, and talk about why this upgrade is such a big deal for harvest, grain storage, and the future of our family farm.

This is more than just a grain bin delivery. It’s the end of an era and the start of a major farm upgrade that will completely change how we handle corn during harvest. From old grain storage to a brand-new bin setup, this project is one of the biggest improvements we’ve made at the farm.

Join me as the new grain bin shows up, the bin project continues, and we prepare for a new chapter in harvest efficiency on our Minnesota family farm.
 
 
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