Agco Is Catching Up Through Precision Agriculture

Agco was founded in 1990 and built up through a series of acquisitions. It has expanded into precision agriculture via further acquisitions: primarily Precision Planting in 2017 and a joint venture with the agriculture assets of Trimble, in which Agco bought a controlling interest in 2024. Those assets have been rebranded as PTx, which has approximately 1,000 points of distribution in North America. Agco divested its grain and protein assets (grain handling systems and livestock management solutions) in 2024 to focus on agricultural machinery and technology. The company’s sales and profits are heavily overindexed to Europe, though management is trying to grow in the larger and more lucrative North and South American markets.