# Trimble and AGCO to form joint venture for precision agriculture

Trimble and AGCO announced a definitive agreement to form a joint venture combining Trimble's precision agriculture business and AGCO's JCA Technologies, creating a global leader in mixed fleet precision agriculture solutions. Trimble will receive $2 billion in pre-tax cash proceeds and a 15% stake in the JV.

- Type: Partnership
- Announced: 2023-09-28
- Value: $2.00B
- Status: announced
- Products: precision agriculture solutions, autonomous software for agricultural machines
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

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

## Sources

- [news.trimble.com](https://news.trimble.com/2023-09-28-Trimble-and-AGCO-to-Form-Joint-Venture-to-Better-Serve-Farmers-Worldwide-with-Mixed-Fleet-Precision-Agriculture-Solutions), 2023-09-28: "Trimble and AGCO's shared vision is to create a global leader in mixed fleet smart farming and autonomy solutions."
- [investor.trimble.com](https://investor.trimble.com/news/news-details/2023/Trimble-and-AGCO-to-Form-Joint-Venture-to-Better-Serve-Farmers-Worldwide-with-Mixed-Fleet-Precision-Agriculture-Solutions/default.aspx), 2023-09-28: "Trimble and AGCO's shared vision is to create a global leader in mixed fleet smart farming and autonomy solutions."
- [marketscreener.com](https://www.marketscreener.com/quote/stock/AGCO-CORPORATION-11558/news/Trimble-and-AGCO-to-Form-Joint-Venture-to-Better-Serve-Farmers-Worldwide-with-Mixed-Fleet-Precision-44938587/), 2023-09-28: "Trimble and AGCO to Form Joint Venture to Better Serve Farmers Worldwide with Mixed Fleet Precision Agriculture Solutions."
- [farm-equipment.com](https://www.farm-equipment.com/articles/21787-agco-announces-joint-venture-to-acquire-interest-in-trimble-ag-assets-tech), 2023-09-28: "AGCO Corporation announced it has entered into a joint venture with Trimble in which AGCO will acquire an 85% interest in Trimble’s portfolio of ag assets and technologies."

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