AGCO Launches PTx

New leading brand combines precision technologies of Precision Planting and PTx Trimble

DULUTH, Ga.April 8, 2024 /PRNewswire/ — AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced the launch of PTx, a new brand representing its precision ag portfolio. PTx combines precision ag technologies from the cornerstones of AGCO’s tech stack: Precision Planting and its newest joint venture (JV), PTx Trimble.

The strategic alignment of these brands will facilitate the rapid growth of AGCO’s technology transformation and will support the future development and distribution of next-generation ag technologies for farmers and original equipment manufacturers (OEMs).

PTx will serve farmers around the world through three go-to-market approaches. Specialized precision ag dealers will help farmers retrofit almost any make or vintage of equipment they already own with the latest technologies. PTx will also expand its relationships with more than 100 OEM partners that can integrate products from the PTx portfolio directly at the factory. Similarly, new machines from AGCO’s leading brands – Fendt, Massey Ferguson and Valtra – will also offer factory-fit technology from the PTx portfolio.

Seth Crawford, Senior Vice President and General Manager PTx, will lead the new organization as an industry-leading, mixed-fleet precision ag platform serving farmers globally.

“We believe technology should give farmers the flexibility to work their way across brands and throughout the crop cycle,” said Crawford. “Through the PTx portfolio offerings within Precision Planting and PTx Trimble, we’ll provide seamlessly compatible, powerfully simple precision ag solutions. We know farming is easier when platforms speak to each other – and when those systems are designed and supported by experts who understand farmers. That’s what PTx is promising our customers around the world.”

The name PTx is rooted in AGCO’s heritage: precision agriculture (P) and advanced technologies (T) that multiply (x) the impact it creates for farmers through seamless, intelligent and farmer-centric technologies.

The symbol represents the precise rows and fields in agriculture and tells a story of global connection. To present a unified offering to the market, Precision Planting’s visual identity is evolving as part of the new PTx brand portfolio while retaining the brand’s well-known corn plant as a nod to its rich heritage. The PTx Trimble visual identity mirrors that of the PTx leading brand.

AGCO completed the JV transaction with Trimble on April 1, 2024, to form PTx Trimble. Andrew Sunderman has been named General Manager of PTx Trimble. Sunderman’s 12 years of experience in various global AGCO roles, including most recently leading the JV integration team, position him well to run this business.

“Farmers rely on precision ag technologies to increase yields, decrease waste and maximize their resources,” said Sunderman. “The launch of PTx and the start of the PTx Trimble JV enable us to better serve farmers, offering them retrofit and factory-fit solutions to achieve their financial and operational goals.”

Keith Crow will continue to lead Precision Planting as General Manager.

PTx joins AGCO’s leading global brand portfolio including Fendt, Massey Ferguson, GSI and Valtra. To learn more about PTx, visit www.ptxag.com.

About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers value to farmers and OEM customers through its differentiated brand portfolio including core brands like Fendt®, GSI®, Massey Ferguson®, PTx and Valtra®. AGCO’s full line of equipment, smart farming solutions and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $14.4 billion in 2023. For more information, visit www.AGCOcorp.com. For company news, information, and events, please follow us on X: @AGCOCorp. For financial news on X, please follow the hashtag #AGCOIR.

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SOURCE: AGCO Corporation

Press Contact: Aryn Drawdy, Corporate Communications Director, aryn.drawdy@agcocorp.com

AGCO and Trimble Close Joint Venture, Form PTx Trimble

Leading ag tech deal creates an industry-leading, mixed-fleet precision ag platform serving farmers globally

DULUTH, Ga. and WESTMINSTER, Colo.April 1, 2024 /PRNewswire/ — AGCO Corporation (NYSE: AGCO) and Trimble (Nasdaq: TRMB) today announced the closing of their joint venture (JV) transaction. The JV, known as PTx Trimble, combines Trimble’s precision agriculture business and AGCO’s JCA Technologies to form a new company that will better serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market.

AGCO has acquired an 85% stake in PTx Trimble, and Trimble will hold a 15% stake. Going forward, the PTx Trimble JV will be consolidated into AGCO’s financial statements.

“Farmers worldwide need technologies that support them to be more productive and profitable while minimizing the environmental impact of their operations,” said Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer. “PTx Trimble will provide farmers greater access to next-generation precision ag tools, no matter what brands of tractors and implements they operate.”

The formation of PTx Trimble enhances AGCO’s comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability.

“Farmers are the real winners here,” said Rob Painter, Trimble’s President and Chief Executive Officer. “By combining our expertise and resources through this JV, we aim to accelerate the pace of innovation. With a focus on open technologies, customers will benefit from tech solutions available to farmers across a broad range of tractor and implement brands.”

AGCO’s consolidated precision ag revenue is now expected to exceed $2.0 billion by 2028, and the transaction is expected to be accretive to AGCO’s revenue growth, adjusted operating margin profile and adjusted earnings per share in the first full year post-close.

AGCO financed the transaction through a combination of $1.1 billion in recently issued senior unsecured notes, a $500 million term loan facility, other borrowings and cash on hand.

About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology. AGCO delivers customer value through its differentiated brand portfolio including core brands like Fendt®, GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by Fuse® smart farming solutions, AGCO’s full line of equipment and services helps farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of approximately $14.4 billion in 2023. For more information, visit www.AGCOcorp.com. For company news, information, and events, please follow us on X: @AGCOCorp. For financial news on X, please follow the hashtag #AGCOIR.

About Trimble
Dedicated to the world’s tomorrow, Trimble is a technology company delivering solutions that enable our customers to work in new ways to measure, build, grow and move goods for a better quality of life. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency and sustainability. From purpose-built products and enterprise lifecycle solutions to industry cloud services, Trimble is transforming critical industries such as construction, geospatial, agriculture and transportation to power an interconnected world of work. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.
FTRMB

Cautionary Statements Regarding Forward-Looking Information
Forward-looking statements in this release, including statements about the transaction and our strategic plans as well as growth in revenue and accretion of the transaction to growth, adjusted margin and adjusted earnings are subject to risks that could cause actual results to differ materially from those suggested by the statement. These risks include, but are not limited to, adverse developments in the agricultural industry, supply chain disruption, inflation, weather, commodity prices, changes in product demand, interruptions in supply of parts and products, difficulties in integrating PTx Trimble in a manner that produces the expected financial results, reactions by customers and competitors to the transaction, including the rate at which the Trimble precision agriculture business’s largest OEM customer reduces purchases of Trimble precision agriculture equipment and the rate of replacement by the JV of those sales, and adverse changes in the financial and foreign exchange markets, including increases in interest rates. Actual results could differ materially from those suggested in these statements. Further information concerning these and other risks is included in AGCO’s filings with the SEC, including its Form 10-K for the year ended December 31, 2023. AGCO disclaims any obligation to update any forward-looking statements except as required by law.

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SOURCE AGCO Corporation

Press Contacts: Aryn Drawdy, Corporate Communications Director, aryn.drawdy@agcocorp.com; Eric Harris, Strategic Communications Director, eric_harris@trimble.com; IR Contacts: Greg Peterson, VP, Investor Relations Officer, greg.peterson@agcocorp.com; Michael Leyba, Senior Director, Investor Relations, michael_leyba@trimble.com

Congratulations on the company anniversary 2023!

Betriebsjubiläum 2023

In 2023, a total of 43 colleagues celebrated their company anniversaries of 10, 20, 25, 30 and one of them even 35 years!

At the Neustadt site, 12 of them were honored by Site Manager Frank Schröder at the end of last year. At the Salzkotten site, Business Unit Manager Robert Fraune congratulated 31 employees on their many years of service at the first General Employee Meeting of the year. 

We would like to thank you all for your valuable contributions and the great cooperation over the years and look forward to many more years together!

Betriebsjubiläum 2023
Top: Honoring at the Salzkotten site in Jan. 2024
Below: Honoring at the Neustadt site in Dec. 2023

Trimble & AGCO to form a Joint Venture

On 28 September 2023 Trimble announced our agreement to create a Joint Venture with AGCO. The Joint Venture will include our precision agriculture business and AGCO’s JCA Technologies business and will serve farmers worldwide with factory-fit and aftermarket solutions in the mixed fleet precision ag market. You can read more about this in the pressinformation

The  Joint Venture combines the Trimble Precision Agriculture business, which also includes Müller-Elektronik GmbH, and JCA Technologies of AGCO and will continue to sell to OEMs and the aftermarket through OEMs factory fit and an independent channel called Vantage. AGCO continued to successfully sell to many OEMs today after acquiring Precision Planting. The Joint Venture will continue to grow this approach going forward. 

Download of the press information:

Trimble and AGCO to Form Joint Venture to Better Serve Farmers Worldwide with Mixed Fleet Precision Agriculture Solutions 

PDF, 28.09.2023

100,000th AmaTron – A success story

Amazone AmaTron-Jubiläum

For almost 40 years, AMAZONE and ME have enjoyed an extremely successful cooperation. Over all these years, this has enabled the production of a range of operator terminals and displays that have efficiently facilitated field work for millions of people on AMAZONE machines. With the 100,000th AmaTron, we look back on a successful joint development history of the versatile ISOBUS terminal.

Development began with the first AmaTron in 1985, which enabled fully automatic control of the specified application rate for fertilizer spreaders. In the following years, there were more and more far-reaching functions for monitoring and fully automatic operation of agricultural machinery. In the meantime, the terminal can be used across all machines for AMAZONE fertilizer spreaders, crop protection equipment and seed drills as well as for ISOBUS-compatible machines from other manufacturers.

Thomas Küsterarent (links, AL Custom Solutions Müller-Elektronik) und Robert Fraune (rechts, Geschäftsführer Müller-Elektronik) überreichender Geschäftsführung von Amazone, vertreten durch Dr. Justus Dreyer und Dr. Rainer Resch (Forschung und Entwicklung), die Jubiläumsgeschenke

Thomas Küsterarent (left, Head of Custom Solutions Müller-Elektronik) and Robert Fraune (right, Authorized Representative Müller-Elektronik) present the anniversary gifts to the Amazone management, represented by Dr. Justus Dreyer and Dr. Rainer Resch (Research and Development).

Changes in the EGNOS system

Due to planned updates to the EGNOS system, there will be temporary changes to the operational EGNOS constellation in the second and third quarter of 2023. Please make sure that the correction satellites of your GNSS receivers are set to the constellation that will then be suitable.

For how to change the correction satellite, refer to the manual of the respective terminal.
You can find the manuals on our website under Service & Support.

Software-Release for ISOBUS SPRAYER-Controller Orchard/Vineyard (V.01.04)

A new software version is available for the Orchard/Vineyard ECU MIDI 3.0 ISOBUS sprayer controller, replacing the previous version V.01.03. The associated release notes provide an overview of the new features.

The following ISOBUS functionalities have been certified according to the AEF standard:

  • UT 1.0 (Universal Terminal)
  • AUX-N (Auxiliary Control new)
  • TC-BAS 1.0 (Task-Controller basic totals)
  • TC-SC 1.0 (Task-Controller Section Control)
  • TC-GEO (Task-Controller geo-based variables)
  • ISB (ISOBUS Shortcut Button)

You can also find the software download in the lower section of the respective product page as well as in the Service&Support section of the website.

Software Release: Touch-Terminals TOUCH800®, TOUCH1200® and TRACK-Guide III

For the terminals TOUCH800®, TOUCH1200® and TRACK-Guide III the new software version V.02.30.08 is available, which replaces the previous version V.02.30.0700. You will find an overview of all modifications in the Release Notes.

Please note, that after updating to version 02.30.08, a return to the previous version is only possible with the support of the customer service.

Please do not use installation packages of previous software versions.

You can also find the software download in the lower section of the respective product page as well as in the Service&Support section of the website.

New Business Unit Management at Müller-Elektronik

Neue Geschäftsleitung bei ME
Neue Geschäftsleitung bei ME

As of January 1, 2023 Robert Fraune took over the Business Unit Management of the agricultural electronics company Müller-Elektronik, succeeding the previous Managing Director Christian Müller, who is leaving the company after almost 18 years.

As the son of company founder Heinrich Müller, Christian Müller has been associated with the company since childhood. He joined the company in 2005 and, initially as Export Manager, was decisively responsible for the expansion of business relations to Eastern Europe, the USA and South America. When his father Heinrich Müller retired from management after more than 30 years, he handed over his position to Christian Müller. During his time as Managing Director, Christian Müller made a significant mark on the company and drove its expansion into one of the leading system providers for customized ISOBUS solutions for agricultural machinery manufacturers. “Robert Fraune will continue the success story of Müller-Elektronik. I am very pleased that a colleague with many years of experience is taking over the Business Unit Management. This shows that we offer interesting development potential in the company. I wish him all the best for his future tasks“, says Christian Müller.

Robert Fraune learned his trade from scratch at Müller-Elektronik. He started his career in 1989 as the company’s first apprentice. This was followed by positions in Customer Service up to and including head of the same, later he took over as Head of Product Management and became Division Manager for Sales, Service and Product Management. In the course of the takeover by the Trimble Group, his area of responsibility expanded again and Robert Fraune was responsible for the Worldwide Sales of Müller-Elektronik and Trimble products to OEM customers and headed Product Management at the locations in Germany and France.

Müller-Elektronik currently employs 470 people at its sites in Salzkotten in North Rhine-Westphalia and Neustadt in Saxony.

Download of the press information:

PR “Neue Geschäftsleitung bei Müller-Elektronik”

Select a language:

Press Release

PDF, 26.01.2023

Press Release

DOCX, 26.01.2023

Pressemitteilung

PDF, 26.01.2023

Pressemitteilung

DOCX, 26.01.2023

Image

JPG, 26.01.2023

New at ME: Service Case ISOBUS

Service Case ISOBUS

The Service Case ISOBUS contains the hardware required to perform diagnostics on Müller-Elektronik MIDI 3.0 job computers. This includes diagnostic of the ISOBUS as well as installation of software or configurations.

With the basic service vehicle harness, it is possible to operate a job computer and terminal without a tractor with ISOBUS basic vehicle harness. In addition to the Service Case, only the corresponding MIDI job computer, a terminal and a power source (socket) are required for this.

Software updates or configuration adjustments conveniently at your desk!

A diagnostic connector to which the supplied PCAN-Dongle can be connected is also available on the basic service vehicle harness. This makes it easy to perform software updates or configuration adjustments on a job computer at the desk.

Diagnosis

Besides the basic service vehicle harness and the associated cables, two Y cables are also included that can be used for diagnostic on implements. These can be mounted in the tractor cabin between the terminal and the ISOBUS basic vehicle harness and connected to the PCAN-Dongle. The connection is made with the Sub-D and CPC connectors of our terminals.

Service Case ISOBUS

Content

Basic service vehicle harness and accessories:

  • Basic service vehicle harness
  • Switching power supply unit
  • Adapter cable for basic service vehicle harness to ISOBUS connector
  • Adapter cable for basic service vehicle harness to ME job computer, 16-pin
  • Connector cable for tractors with ISOBUS in-cab connector
  • PCAN dongle USB

Diagnosis without basic service vehicle harness:

  • Y cable for PCAN dongle to ISOBUS In-Cab connector
  • Y-cable for PCAN dongle to Sub-D basic vehicle harness

Item no. 30309982