AGCO Corp (AGCO) & Trimble Close JV to Form PTx Trimble

AGCO Corp. (AGCO) informed that it completed the previously announced joint venture contract with Trimble (TRMB) . The JV, PTx Trimble, is now a new company with an 85% stake in AGCO and a 15% stake in Trimble. PTx Trimble's formation increases the overall technology offering of AGCO focused on guidance, autonomy, precision spraying, associated farming, data management and sustainability.The JV will benefit from Trimble's precision agriculture business and AGCO's JCA Technologies. PTx Trimble will give farm ...