AGCO Acquires JCA Industries
02 Mai 2022 - 8:00PM
Business Wire
Increases engineering and software development capabilities to
accelerate the development of highly automated and autonomous
machines
AGCO, Your Agriculture Company, (NYSE:AGCO), a worldwide
manufacturer and distributor of agricultural machinery and
precision ag technology, announced it has acquired JCA Industries,
Inc. (“JCA”), d/b/a JCA Technologies, a leader in the development
of autonomous software for agricultural machines, implement
controls and electronic system components.
JCA, based in Winnipeg, Manitoba, Canada, specializes in the
design of electronic systems and software development to automate
and control agricultural equipment. JCA’s path planning, sensor
fusion, and remote-control software products are used today by
original equipment manufacturers. In addition, JCA has been serving
some of the world’s leading agriculture equipment manufacturers as
a provider for electronic designs and software for autonomous
machine development.
“The purchase of JCA is another important addition to our
precision agriculture capabilities,” stated Eric Hansotia, AGCO’s
Chairman, President and Chief Executive Officer. “JCA is one of the
most advanced developers of autonomous machine technologies for
off-road OEMs, and this acquisition will accelerate AGCO’s delivery
of machine automation and autonomous systems that improve farmer
productivity.”
Cautionary Statements Regarding Forward-Looking
Information
Statements which are not historical facts, including
expectations regarding the closing of the acquisition and its
benefits, are forward-looking and subject to risks that could cause
actual results to differ materially from those suggested by the
statements. These risks include, but are not limited to, the
failure to satisfy closing conditions, the possible lack of success
in developing the technology, and the lack of customer acceptance
of the technology. Undue reliance should not be placed on these
forward-looking statements, which are current as of the date of
this release, and AGCO and JCA Industries disclaim any obligation
to update any forward-looking statements except as required by
law.
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 Challenger®, Fendt®,
GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by
Fuse® smart farming solutions, AGCO’s full line of equipment and
services help farmers sustainably feed our world. Founded in 1990
and headquartered in Duluth, Georgia, USA, AGCO had net sales of
$11.1 billion in 2021. For more information, visit
www.AGCOcorp.com. For company news, information and events, please
follow us on Twitter: @AGCOCorp. For financial news on Twitter,
please follow the hashtag #AGCOIR.
Please visit our website at
www.agcocorp.com
About JCA Industries:
JCA Technologies is an emerging leader in autonomous and
connected agricultural machine control systems. JCA has been a
successful partner with equipment manufacturers in the mobile
industry for 20 years, delivering scalable advanced technology
solutions that help get OEM innovations to the field. JCA enables
customized machine innovations built on core platform technologies
and complimented with engineering expertise and manufacturing
capabilities that support OEMs through the full equipment life
cycle from concept through production. JCA is headquartered in
Winnipeg, Manitoba, Canada and serves customers all over the world.
For more information, visit our website at
www.jcatechnologies.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220502005531/en/
Greg Peterson Vice President, Investor Relations (770) 232-8229
greg.peterson@agcocorp.com www.agcocorp.com
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