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AGCO CEO Eric Hansotia: We're serving every farmer around the world, regardless of brandAGCO CEO Eric Hansotia joins 'Mad Money' host Jim Cramer to talk the Ag Tech business, growth in the industry, its global business and more.
Persons: Eric Hansotia, Jim Cramer Organizations: Ag Tech
People look at AGCO equipment as they attend National Farm Machinery show in Louisville, Kentucky, February 12, 2016. REUTERS/Meredith Davis/File Photo Acquire Licensing RightsSept 28 (Reuters) - AGCO Corp (AGCO.N) said on Thursday it would acquire an 85% stake in navigation products maker Trimble's (TRMB.O) agribusiness for $2.0 billion in cash as the tractor and seeding equipment firm seeks to boost its precision-agriculture portfolio. "This deal significantly enhances AGCO's technology stack with disruptive technologies that cover every aspect of the crop cycle," AGCO Chief Executive Eric Hansotia said. The precision-agriculture approach employs technology and the global positioning system to ensure that seeds, fertilizer and chemicals are used correctly. The stake's purchase price represents an implied enterprise value of about $2.35 billion for the business, AGCO said.
Persons: Meredith Davis, Eric Hansotia, Oppenheimer, Trimble, AGCO, Morgan Stanley, Kannaki, Vinay Dwivedi Organizations: Farm Machinery, REUTERS, AGCO, Thomson Locations: Louisville , Kentucky, Ukraine, Bengaluru
AGCO CEO Eric Hansotia goes one-on-one with Jim Cramer
  + stars: | 2023-07-27 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAGCO CEO Eric Hansotia goes one-on-one with Jim CramerAGCO CEO Eric Hansotia sits down with 'Mad Money' host Jim Cramer to talk grain prices increasing due to the war on Ukraine and how it is a tailwind.
Persons: Eric Hansotia, Jim Cramer Locations: Ukraine
Jim Cramer sits down with AGCO CEO Eric Hansotia
  + stars: | 2023-05-19 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Jim Cramer sits down with AGCO CEO Eric Hansotia'Mad Money' host Jim Cramer sits down with AGCO CEO Eric Hansotia to discuss the cost of farming, demand in the space, and more.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAGCO CEO Hansotia: even if the war in Ukraine ends it will be a while until the area can grow crops'Mad Money' host Jim Cramer sits down with AGCO CEO Eric Hansotia to discuss the cost of farming, demand in the space, and more.
CEO Eric Hansotia of agriculture-machinery manufacturer Agco told CNBC's Jim Cramer on Friday that elevated grain prices — and the high cost of food — will persist, even if Russia's invasion of Ukraine ended tomorrow. Both Russia and Ukraine serve as major global grain suppliers, with the latter often referred to as the "breadbasket of Europe," and so when the war broke out in February 2022 it sent the world's food supply chain into turmoil. Coupled with climate issues — namely droughts across Europe and North America — the food supply chain disaster spurred by the Russia's invasion is not likely to fade anytime soon, according to Hansotia. Despite grain supply chain issues, Agco — which sells big-ticket agriculture equipment like tractors and combines — recently reported a successful quarter. "The stocks-to use-ratio — essentially how much grain is in the market — has been coming down for six years in a row," Hansotia told Cramer.
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