# AGCO and Trimble close $2B joint venture, form PTx Trimble

AGCO Corporation and Trimble closed their $2 billion joint venture transaction, forming PTx Trimble. AGCO acquired an 85% stake and Trimble holds a 15% stake. The joint venture combines Trimble's precision agriculture business and AGCO's JCA Technologies.

- Type: Partnership
- Announced: 2024-04-01
- Where: United States
- Value: $2.00B
- Status: completed
- Products: precision agriculture technologies, guidance systems, precision spraying, connected farming, data management
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [AGCO](https://endata.com/companies/6630.md) (partner)
- [Trimble Inc.](https://endata.com/companies/17182.md) (partner)
- [JCA Technologies](https://endata.com/companies/62646.md) (partner)

## Sources

- [dtnpf.com](https://www.dtnpf.com/agriculture/web/ag/equipment/article/2024/04/01/agco-trimble-close-2b-joint-venture), 2024-04-01: "AGCO Corporation and Trimble on Monday announced the closing of their $2 billion joint venture transaction."

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