Agco (AGCO) has shared an announcement.
AGCO Corporation and Trimble Inc. have successfully formed a joint venture, with AGCO owning an 85% stake and Trimble retaining 15%. The venture, resulting from AGCO’s $1.954 billion purchase and combined contributions from both companies, includes key agricultural business assets and cash. It is supported by long-term supply and technology agreements, enhancing their market position. The deal was financed through a mix of senior unsecured notes, a term loan, and other borrowings.
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