DULUTH, Ga. — AGCO Corp. declares it has entered right into a definitive settlement to promote the vast majority of its Grain & Protein enterprise to American Industrial Companions (AIP) in an all-cash transaction valued at $700 million, topic to working capital and different customary closing changes.
“The divestiture of Grain & Protein helps AGCO’s strategic transformation, lately accelerated by the PTx Trimble three way partnership, which closed in April 2024,” Eric Hansotia, AGCO’s chairman, president and CEO, stated. “Divesting this enterprise permits us to streamline and sharpen our deal with AGCO’s portfolio of award-winning agricultural equipment. . .
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