# AGCO to acquire 85% of Trimble Ag assets in $2 billion joint venture

AGCO will acquire an 85% interest in Trimble's portfolio of agricultural assets and technologies for $2 billion in cash and the contribution of JCA Technologies, forming a joint venture focused on precision agriculture.

- Type: Acquisition
- Announced: 2023-09-28
- Where: United States
- Value: $2.00B
- Status: announced
- Products: precision agriculture technology, hardware, software, cloud-based applications
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [AGCO](https://endata.com/companies/6630.md) (acquirer)
- [Trimble Inc.](https://endata.com/companies/17182.md) (target)

## Sources

- [via.tt.se](https://via.tt.se/pressmeddelande/3376181/agco-to-acquire-trimble-ag-assets-and-technologies-through-a-joint-venture-focused-on-next-generation-precision-ag-technology?publisherId=259167), 2023-09-28: "This landmark transaction creates a JV that becomes the premier mixed-fleet Precision Ag business in the world."
- [kommunikasjon.ntb.no](https://kommunikasjon.ntb.no/pressemelding/18003319/agco-to-acquire-trimble-ag-assets-and-technologies-through-a-joint-venture-focused-on-next-generation-precision-ag-technology?publisherId=90063), 2023-09-28: "This landmark transaction creates a JV that becomes the premier mixed-fleet Precision Ag business in the world and accelerates AGCO’s strategic transformation."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/agco-to-buy-trimble-assets-for-2-billion-to-boost-farming-tech), 2023-09-28: "Under the deal announced by both companies in a Thursday, Trimble will carve out its agricultural technology business and turn it into a standalone joint venture, with AGCO owning 85% and Trimble owning 15%."
- [farmprogress.com](https://www.farmprogress.com/business/agco-buys-85-of-trimble-ag-for-2-billion-), 2023-09-28: "Agco has bought 85% of Trimble Ag for $2 billion, launching a joint venture that will focus on autonomous retrofit technologies."
- [farmprogress.com](https://www.farmprogress.com/business/does-trimble-want-to-be-in-ag-ceo-says-yes), 2023-10-03: "We are very much in the ag business. Not only do we have an ongoing ownership stake in the entity, we also have this ongoing supply arrangement."
- [earthmoversmagazine.co.uk](https://www.earthmoversmagazine.co.uk/news/view,agco-enters-joint-venture-with-trimble_6250.htm), 2023-10-04: "The joint venture creates a global leading mixed-fleet Precision Ag platform that will be the exclusive provider of Trimble Ag’s comprehensive technology offering."
- [producer.com](https://www.producer.com/crops/agco-buys-85-percent-of-trimble-in-2-billion-deal/), 2023-10-05: "Agco has acquired 85 percent of Trimble Ag assets and technologies at a cash price of $2 billion."
- [agriland.ie](https://www.agriland.ie/farming-news/agco-spends-2-billion-on-trimble-acquisition/), 2023-10-16: "The joint venture will provide digital technology for all machines and implements"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.