The Climate Corp., a subsidiary of Monsanto Co., announced this week that closing agreements have been signed to finalize AGCO’s purchase of the Precision Planting LLC equipment business.
The companies first announced the transaction in late July. AGCO will now assume ownership of Precision Planting, continuing the development of innovative products that improve efficiency and productivity for farmers around the world.
As the industry leader in data connectivity, Climate Corp. is also in the process of solidifying a global data connectivity agreement with AGCO that will enable connectivity between AGCO equipment and the Climate FieldView digital agriculture platform, allowing more farmers to easily get all of their data in one place in order to manage inputs and measure the outcome of their agronomic decisions throughout the season.
More details will be provided on that agreement in the future.
AGCO will continue to support all existing Precision Planting dealers, activities and agreements. Climate Corp.’s Climate FieldView platform will retain connectivity with Precision Planting’s 20/20 SeedSense monitor.
The terms of the agreement were not disclosed.