![photo](https://d230grbjxcnwqa.cloudfront.net/org_0/2024/04/02/AGCO-Trimble-hires.png?width=800)
AGCO and Trimble close joint venture, form PTx Trimble
Tuesday, April 2, 2024 • 2 PM
AGCO Corporation (NYSE: AGCO) and Trimble (Nasdaq: TRMB) announced the closing of their joint venture (JV) transaction. The JV, known as PTx Trimble, combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company that will better serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market.