Divestiture AGCO division completed

AGCO Corporation has completed the previously announced divestiture of the majority of its Grain & Protein business to American Industrial Partners (“AIP”) effective November 1, 2024, in an all-cash transaction valued at approximately $700 million. “Divesting of Grain & Protein is a significant milestone in AGCO’s strategic transformation, accelerated by the PTx Trimble joint venture, […]

By Redazione

AGCO Corporation has completed the previously announced divestiture of the majority of its Grain & Protein business to American Industrial Partners (“AIP”) effective November 1, 2024, in an all-cash transaction valued at approximately $700 million.

“Divesting of Grain & Protein is a significant milestone in AGCO’s strategic transformation, accelerated by the PTx Trimble joint venture, which was completed in April 2024,” said Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer. “AGCO’s portfolio is now focused on agricultural machinery and precision ag technology products, which underpins a long-term focus on growth, high margin and significant free cash flow generating businesses.”

Highlights

“Cotton King” high clearance tractor

Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan in Central Asia, are rich in cotton production. In order to meet technological constraints, Lovol launched the high clearance TX1104-H “Cotton King” tractor, specifically designed for cotton production in these countries. Th...

“Agricultural robots” today at Agritechnica digital

“Agricultural robots” is the first topic in new webinar series on startup technologies, presented in Agritechnica digital. Free-to-attend ‘AgTech’ events explore topics shaping startup innovation scene: robotics, digitalization, circular economy and soil health. Today, 18 January 2022, Agritechnica ...

“Let the future begin”

The global ag machinery market is continuously evolving. AGCO aims to be in the forefront of new technology. Serving their own customers, but also mixed fleet operations. With new solutions in precision ag, autonomous vehicles and engines running on clean energy. Always with full focus on the farmer...

“I wanted to disrupt the industry”

Craig Rupp is a self-made man. The founder and owner of US based Sabanto, has a clear vision on automation in agriculture. “I wanted to disrupt the industry,” he says. And so, he did. Craig developed the Steward retrofit kit, making tractors operate autonomously. It eases the workload for farmers. B...

“Agritechnica Asia live” is approaching

From 24-26 August, Agritechnica Asia Live 2022 will be held in Can Tho City, Vietnam. At Agritechnica Live, machinery will be demonstrated in the field. Concurrently there’s an exhibition with a seminar programme. The previous edition was held in Myanmar, which attracted visitors from across South E...

Related articles

New “wall of time” in SAME museum

On Sunday, May 3, during the 2026 Bergamo Plain Agricultural Fair, the SAME Museum in Treviglio, Italy, opens its doors. The museum invites everyone to discover the new multimedia timeline: an immersive journey through the history of the company and agricultural mechanization. Created with funding f...

Mahindra to build new tractor plant

Mahindra Group is going to establish its largest integrated manufacturing facility for automobiles and tractors in Nagpur, Maharashtra, India. This marks a significant milestone in the company’s long-term growth strategy. The new state-of-the-art facility will be developed across an area of 600 hect...

Escarda weed control ready to market

Following its launch in April 2025, Escarda Technologies is now marketing its CE-certified laser system for weed control. The AI-driven technology detects weeds as small as three millimeters and eliminates them precisely with a laser beam, without chemical agents and without damaging the soil. The s...