AGCO and Trimble Formally Establish Joint Venture PTx Trimble

AGCO Group（New York Stock Exchange：AGCO）AndTrimble（Nasdaq symbol：TRMB）On April 1, 2024, it officially announced that its joint venture transaction had been formally completed.。The deal is designed to combine the expertise of both companies.，Promoted the birth of a new joint venture.。The enterprise is namedPTx Trimble，It will integrateTrimblePrecision agriculture business andAGCOYesJCA Technologies，To better meet the needs of farmers in the precision agriculture market.。This means that farmers will be able to get more customized factory support and modification application services.，So that that production efficiency is bet improved，And better addressing the challenges in the agricultural sector。

“Farmers around the world are desperate for technical support to boost their productivity and profitability.，While minimizing negative impacts on the environment。”Chairman of AGCO Group、President and CEOEric HansotiaExpress，“This need is increasingly urgent.，AndPTx TrimbleIt can bring farmers a wider range of opportunities.，No matter which brand of Tractors and farm implements they use.，A new generation of precision agriculture services is available.。”

TrimblePresident and CEORob PainterExpress：“Farmers will be the real beneficiaries of this joint venture.。By integrating expertise and resources，Our goal is to accelerate the innovation process.，Focus on open technology，Dedicated to providing customers with technical solutions for various Tractor and farm implement brands，So as to bring more practical benefits to farmers.。”

PTx TrimbleThe establishment of AGCO has also further strengthened its role in navigation.、Automation、Precise spraying、Connected agriculture、Integrated technical services for data management and sustainability。

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