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Stock impact report

Farmers Are The Real Winners: AGCO PTx Trimble Joint Venture Launched [Forbes]

AGCO Corporation (AGCO) 
Last agco corporation earnings: 2/6 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.agcocorp.com
Company Research Source: Forbes
AGCO Corporation and Trimble recently announced the completion of their joint venture (JV) transaction. Known as PTx Trimble, the JV combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company that they say will better serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market. As AGCO puts it, the formation of PTx Trimble enhances their technology offerings around guidance, autonomy, precision spraying, connected farming, data management and sustainability. What does this mean for vehicle autonomy generally? "Farmers worldwide need technologies that support them to be more productive and profitable while minimizing the environmental impact of their operations," said Eric Hansotia, AGCO's Chairman, President and Chief Executive Officer. "PTx Trimble will provide farmers greater access to next-generation precision ag tools, no matter what brands of tractors and implements they operate." "Farmer Show less Read more
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