---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-083599"
form_type: "8-K"
ticker: "TRMB"
cik: "0000864749"
company_name: "TRIMBLE INC."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T05:05:33.123769+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Trimble and AGCO close joint venture PTx Trimble; AGCO pays $1.954B for 85% stake

## Summary
- Trimble contributed precision ag business + $8M cash; AGCO contributed JCA Technologies + $46M cash; purchase price $1.954B.
- Trimble retains 15% stake in PTx Trimble; JV will be consolidated into AGCO financial statements.
- Revised terms: Trimble bears first $14M of carve-out costs; Brazil business sale deferred; put/call options at 3rd/4th anniversaries.
- AGCO financed via $1.1B senior notes, $500M term loan facility, other borrowings and cash on hand.
- AGCO expects combined precision ag revenue >$2B by 2028; deal accretive to AGCO in first full year post-close.

## SEC filing metadata
- accession: 0001193125-24-083599
- form_type: 8-K
- ticker: TRMB
- cik: 0000864749
- company_name: TRIMBLE INC.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864749/000119312524083599/0001193125-24-083599-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864749/000119312524083599/d800466d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-083599
- JSON: https://secwatch.observer/filing/0001193125-24-083599.json
- Plain text: https://secwatch.observer/filing/0001193125-24-083599.txt

## Key facts
- M&A Transactions
  TRIMBLE INC. completed a disposition involving AGCO Corporation for $1,954,000,000 in cash (closed 2024-04-01).
  - Action: disposition
  - Counterparty: AGCO Corporation
  - Consideration: $1,954,000,000 in cash
  - Closing: 2024-04-01
  source text: Trimble its JCA Technologies business and $46,000,000 in cash, and (ii) Trimble will have sold an interest in PTx Trimble to AGCO and its subsidiaries for a purchase price of $1,954,000,000 in cash, subject to adjustments. As a result of the Transaction, Trimble will own fifteen percent (15%) of PTx Trimble, and AGCO, together with its wholly owned subsidiary Massey
  evidence_url: https://www.sec.gov/Archives/edgar/data/864749/000119312524083599/0001193125-24-083599-index.htm

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