Ag-tech deal to benefit farmers worldwide

Agco and technology company Trimble have completed the formation of a new company to factory fit and retrofit precision equipment to farm machinery.

Known as PTx Trimble, the venture aims to give farmers greater access to next-generation precision agriculture tools – no matter what brands of tractors and implements they operate.

Agco has an 85% stake in PTx Trimble, with Trimble holding a 15% stake. Going forward, the joint venture will be consolidated into Agco’s financial statements.

“Farmers worldwide need technologies that support them to be more productive and profitable while minimising the environmental impact of their operations,” said Agco president Eric Hansotia.

Enhanced offering

The formation of PTx Trimble enhances Agco’s technology offer around guidance, autonomy, precision spraying, connected farming, data management and sustainability.

“Farmers are the real winners here,” said Trimble president Rob Painter. “By combining our expertise, we  believe this joint venture will help farmers to
accelerate the pace of innovation.

Mr Painter added: “With a focus on open technologies, our customers will benefit from tech solutions available to farmers across a broad range of tractor and implement brands.”