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"This deal significantly enhances AGCO's technology stack with disruptive technologies that cover every aspect of the crop cycle," AGCO Chief Executive Eric Hansotia said of the announcement. ....
(Reuters) -AGCO Corp said on Thursday it would acquire an 85% stake in navigation products maker Trimble's agribusiness for $2.0 billion in cash as the tractor and seeding equipment firm seeks to boost its precision-agriculture portfolio. The race among farm-equipment companies to automate agriculture has accelerated, as drought in key grain-producing countries and the war in Ukraine fuels a global food crisis, with U.S. farmers scrambling to boost crop yields. "This deal significantly enhances AGCO's technology stack with disruptive technologies that cover every aspect of the crop cycle," AGCO Chief Executive Eric Hansotia said. ....
By Kannaki Deka (Reuters) -AGCO Corp said on Thursday it would acquire an 85% stake in navigation products maker Trimble s agribusiness for $2.0 billion in . ....