Mike Pearson talks about the acquisition of Trimble by AGCO for $2 billion for 85 percent of the company. It’s the largest acquisition in AGCO history.
Trimble is a hardware and software company that has long worked in navigation and GSI mapping.
Precision Planting was purchased in 2017 by AGCO.
The idea is for AGCO to automate every element a farmer has in the cab of the tractor including potentially fully autonomous tractors.
AGCO views the idea of retrofitting existing machinery with autonomous features as big business.
Precision AG Division of AGCO is expected to grow to $2 Billion by 2028.
