AGCO Corporation has completed the previously announced divestiture of the majority of its Grain & Protein business to American Industrial Partners (“AIP”) effective November 1, 2024, in an all-cash transaction valued at approximately $700 million.
“Divesting of Grain & Protein is a significant milestone in AGCO’s strategic transformation, accelerated by the PTx Trimble joint venture, which was completed in April 2024,” said Eric Hansotia, AGCO’s Chairman, President and Chief Executive Officer. “AGCO’s portfolio is now focused on agricultural machinery and precision ag technology products, which underpins a long-term focus on growth, high margin and significant free cash flow generating businesses.”
