---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-244709"
form_type: "8-K"
ticker: "TRMB"
cik: "0000864749"
company_name: "TRIMBLE INC."
filed_at: "2023-09-28T23:59:59+00:00"
generated_at: "2026-06-10T07:58:07.355104+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Trimble forms ag JV with AGCO; receives $2B cash, retains 15% stake

## Summary
- Trimble contributes precision ag business (ex-GNSS guidance); AGCO contributes JCA Technologies.
- Trimble receives $2B pre-tax cash + 15% stake in JV; AGCO owns 85%.
- Total expected value ~$3B from cash, equity, and commercial agreements.
- JV targets mixed fleet precision ag market; expected close H1 2024.
- FY2023 precision ag rev ~$535M, Adj EBITDA ~$185M; net after-tax proceeds >$1.5B.

## SEC filing metadata
- accession: 0001193125-23-244709
- form_type: 8-K
- ticker: TRMB
- cik: 0000864749
- company_name: TRIMBLE INC.
- filed_at: 2023-09-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864749/000119312523244709/0001193125-23-244709-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864749/000119312523244709/d543240d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-244709
- JSON: https://secwatch.observer/filing/0001193125-23-244709.json
- Plain text: https://secwatch.observer/filing/0001193125-23-244709.txt

## Key facts
- Material Agreements
  TRIMBLE INC. entered into Sale and Contribution Agreement with AGCO Corporation valued at $2,000,000,000 in cash (effective 2023-09-28).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: AGCO Corporation
  - Value: $2,000,000,000 in cash
  - Effective: 2023-09-28
  source text: Trimble Inc., a Delaware corporation (“ Trimble ”), entered into a Sale and Contribution Agreement (the “ Sale and Contribution Agreement ”) with AGCO Corporation, a Delaware corporation (“ AGCO ”), and Trimble Solutions, LLC, a Delaware limited liability company (the “ JV ”), which provides for the formation of a joint venture
  evidence_url: https://www.sec.gov/Archives/edgar/data/864749/000119312523244709/0001193125-23-244709-index.htm

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