---
schema_version: "secwatch.filing_event.v1"
accession: "0000880266-24-000026"
form_type: "8-K"
ticker: "AGCO"
cik: "0000880266"
company_name: "AGCO CORP /DE"
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:06:12.210163+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AGCO completes $1.954B acquisition of 85% stake in PTx Trimble JV with Trimble

## Summary
- AGCO paid $1.954B cash for 85% interest in PTx Trimble, combining Trimble's precision ag business and AGCO's JCA Technologies.
- AGCO expects precision ag revenue to exceed $2.0B by 2028; deal accretive to revenue, margin, and EPS in first full year post-close.
- Financing includes $1.1B in senior unsecured notes, $500M term loan, and other borrowings and cash on hand.
- Trimble retains 15% stake; put and call options on JV interests exercisable from third anniversary onward.

## SEC filing metadata
- accession: 0000880266-24-000026
- form_type: 8-K
- ticker: AGCO
- cik: 0000880266
- company_name: AGCO CORP /DE
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880266/000088026624000026/0000880266-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880266/000088026624000026/agco-20240331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000880266-24-000026
- JSON: https://secwatch.observer/filing/0000880266-24-000026.json
- Plain text: https://secwatch.observer/filing/0000880266-24-000026.txt

## Key facts
- M&A Transactions
  AGCO CORP /DE completed an acquisition involving Trimble Inc. for $1.954 billion in cash (closed 2024-04-01).
  - Action: acquisition
  - Counterparty: Trimble Inc.
  - Consideration: $1.954 billion in cash
  - Closing: 2024-04-01
  source text: On April 1, 2024, pursuant to the terms of an Amended and Restated Sale and Contribution Agreement (the “ Agreement ”) among the AGCO Corporation (“ AGCO ”), Trimble Inc. (“ Trimble ”) and PTx Trimble, LLC, formerly known as Trimble Solutions, LLC (the “ Joint Venture ”), AGCO and Trimble completed (i) the contribution by Trimble to the Joint Venture of Trimble’s OneAg business, which is Trimble’s agricultural business, excluding certain Global Navigation Satellite System and guidance technologies, and an amount of cash, (ii) the contribution by AGCO to the Joint Venture of its interest in JCA Industries, LLC d/b/a JCA Technologies and an amount of cash, and (iii) the purchase by AGCO from Trimble of membership interests in the Joint Venture in exchange for the payment by AGCO to Trimble of $1.954 billion in cash, subject to customary working capital and other adjustments.
  evidence_url: https://www.sec.gov/Archives/edgar/data/880266/000088026624000026/0000880266-24-000026-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.