Precision Agriculture Supporting Agco During Cyclical Trough

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. The company is actively adding PTx distribution. The company’s sales and profits are over-indexed to Europe, though management is trying to grow in larger, more lucrative North and South American markets.