Vainga Agriculture Development and Management Consultancy (VADEMCO), a Liberian agribusiness and service provider, is set to secure a US$20mn investment fund, marking another significant stride in its commitment to enhancing Liberias agriculture sector
Agricultural technology company, ThriveAgric, in collaboration with global nonprofit organisation, Heifer International, hosted a breakfast meeting in Abuja, Nigeria, to mark the official launch of the company’s AYuTe (Agriculture, Youth and Technology) Project
Harpe Bioherbicide Solutions, Inc., an agricultural technology company, has executed a joint intellectual property licensing agreement with Corteva Agriscience and the Broad Institute of MIT and Harvard for foundational CRISPR-Cas9 and related gene editing tools to further research and develop Harpe Bioherbicide tolerant crop systems
Trimble on 28 September, announced a definitive agreement to form a joint venture (JV) with AGCO to better serve farmers with factory fit and aftermarket applications in the mixed fleet precision agriculture market
Aligning two leading companies, the JV’s technology is expected to offer customers seamless integration and connectivity across geographies, equipment brands and the crop life cycle. For dealers on the other hand, it is expected to better serve farmers with a broad, complementary, and leading technology portfolio.
Under the terms of the JV, Trimble will contribute its precision agriculture business, excluding certain Global Navigation Satellite System (GNSS) and guidance technologies, while AGCO will contribute its JCA Technologies business, which is a leader in the development of autonomous software for agricultural machines, implement controls and electronic system components.
In aggregate, Trimble expects approximately US$3bn in value from the transaction from pre-tax cash proceeds, Trimbles 15% stake in the joint venture, and the related commercial agreements.
Following completion of the transaction, Trimble will continue to deliver its differentiated technologies at the intersection of the physical and digital worlds across its core businesses.
The transaction is expected to result in significant benefits to Trimble, including simplification of connect and scale strategy; enhancement of financial profile and flexibility; and a de-risking of Trimble’s channel transition in the agriculture market.
For more information, visit: www.trimble.com and www.AGCOcorp.com
The Food and Agriculture Organisation of the United Nations (FAO) is providing technical assistance to strengthen the national capacity to manage Invasive Alien Species (IAS) in Zimbabwe under the framework of the European Union-funded ACP-MEAs 3 project
