The number of agricultural equipment manufacturers that are reducing the size of their workforces is growing, with planter-maker Kinze Manufacturing joining the list of companies that are publicly acknowledging layoffs. Kinze has issued layoff notices to 193 of its 815 employees in Williamsburg, Iowa, as of August 1. “We deeply regret the necessity of this… Read More
Tag: Eric Hansotia
AGCO Corporation announced it has entered into a definitive agreement to sell the majority of its Grain & Protein business to American Industrial Partners (AIP) in an all-cash transaction valued at US$700 million, subject to working capital and other customary closing adjustments. The transaction includes the five primary Grain & Protein brands – GSI, Automated… Read More
AGCO is set to become a majority owner of Trimble’s precision agriculture business. The two companies have entered a joint venture agreement, which will see AGCO pay Trimble US$2 billion for an 85 per cent stake. JCA Technologies, the Manitoba-based autonomous tech company which was acquired by AGCO in 2022, will also be brought into… Read More