DULUTH, Ga. — AGCO Corp. declares it has entered right into a definitive settlement to promote the vast majority of its Grain & Protein industry to American Commercial Companions (AIP) in an all-cash transaction valued at $700 million, matter to operating capital and different standard last changes.
“The divestiture of Grain & Protein helps AGCO’s strategic transformation, lately speeded up via the PTx Trimble three way partnership, which closed in April 2024,” Eric Hansotia, AGCO’s chairman, president and CEO, stated. “Divesting this industry permits us to streamline and sharpen our focal point on AGCO’s portfolio of award-winning agricultural equipment. . .
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