AGCO

AGCO issues $200,000 in penalties to Cannabis Xpress for alleged illegal agreements with cannabis producers

Retrieved on: 
Monday, April 8, 2024
Sale, LP record, Alcohol, Standard, LAT, AGCO, Drug

After receiving information regarding inducement activity, the AGCO undertook compliance inspections of Cannabis Xpress, including a review of over 82,000 relevant documents, and found that Cannabis Xpress’s so-called “Data Services Program” and/or other agreements, which it entered into with licensed cannabis producers (LPs) are, in fact, an inducement program.

Key Points: 
  • After receiving information regarding inducement activity, the AGCO undertook compliance inspections of Cannabis Xpress, including a review of over 82,000 relevant documents, and found that Cannabis Xpress’s so-called “Data Services Program” and/or other agreements, which it entered into with licensed cannabis producers (LPs) are, in fact, an inducement program.
  • The AGCO is committed to ensuring that the cannabis retail sector operates with honesty, integrity and in the public interest.
  • “Provincial law and AGCO standards include anti-inducement regulations to protect consumer choice and maintain a level playing field for small businesses in the cannabis retail industry.
  • The AGCO monitors the sector’s compliance with these requirements and will take strong action against any licensee found to be engaging in illegal behaviour.”

‘AEM Manufacturing Express’ Set to Hit the Road this Summer

Retrieved on: 
Monday, April 8, 2024
Friends, Government, Caterpillar Inc., Travel, Food, The Toro Company, John Deere, Woman, City, Volvo, Komatsu, AEM, AGCO, Mid-Atlantic, CNH Industrial, Entertainment

The tour will visit more than 20 states, with stops planned at more than 80 equipment manufacturers in communities across the Midwest, Southeast, and Mid-Atlantic.

Key Points: 
  • The tour will visit more than 20 states, with stops planned at more than 80 equipment manufacturers in communities across the Midwest, Southeast, and Mid-Atlantic.
  • “The ‘AEM Manufacturing Express’ will hit the road this year to celebrate the equipment manufacturing industry and highlight its vital role in building a modern and resilient infrastructure, putting food on people’s tables, and powering vital public services and utilities,” said AEM President Megan Tanel.
  • Elected officials will join manufacturing workers and their friends and families along the route as the “AEM Manufacturing Express” celebrates the industry’s many contributions to small towns and big cities across the country.
  • Triple Crown Products is the official apparel sponsor, outfitting AEM Manufacturing Express staff throughout the tour, and DuraMark Technologies is the official decal sponsor, providing design and production of graphic materials for the tour.

Over 86% of Ontario’s online gamblers play on regulated sites: Study

Retrieved on: 
Thursday, April 4, 2024
Ipsos, Government, Gambling, Alcohol, AGCO

According to an Ipsos study conducted in February 2024, 86.4% of Ontarians who gambled online over the preceding three months gambled on regulated sites.

Key Points: 
  • According to an Ipsos study conducted in February 2024, 86.4% of Ontarians who gambled online over the preceding three months gambled on regulated sites.
  • This represents an increase from the 85.3% of igaming participants who reported playing on regulated sites on a similar study conducted in 2023.
  • However, despite this significant choice, the study found that a notable portion of Ontario’s igaming participants continue to wager on unregulated sites.
  • We will continue to work in lockstep with the AGCO to enable Ontarians to play with confidence.”

AGCO Launches PTx, a Precision Ag Portfolio to Accelerate Technology Transformation

Retrieved on: 
Monday, April 8, 2024
GSI, AG, Farmer, JV, Agriculture, PTX, Senior, OEM, AGCO, Fendt

DULUTH, Ga., April 8, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced the launch of PTx, a new brand representing its precision ag portfolio. PTx combines precision ag technologies from the cornerstones of AGCO's tech stack: Precision Planting and its newest joint venture (JV), PTx Trimble.

Key Points: 
  • DULUTH, Ga., April 8, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced the launch of PTx, a new brand representing its precision ag portfolio.
  • PTx combines precision ag technologies from the cornerstones of AGCO's tech stack: Precision Planting and its newest joint venture (JV), PTx Trimble.
  • Specialized precision ag dealers will help farmers retrofit almost any make or vintage of equipment they already own with the latest technologies.
  • "Through the PTx portfolio offerings within Precision Planting and PTx Trimble, we'll provide seamlessly compatible, powerfully simple precision ag solutions.

AGCO Launches PTx, a Precision Ag Portfolio to Accelerate Technology Transformation

Retrieved on: 
Monday, April 8, 2024
GSI, AG, Farmer, JV, Agriculture, PTX, Senior, OEM, AGCO, Fendt

DULUTH, Ga., April 8, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced the launch of PTx, a new brand representing its precision ag portfolio. PTx combines precision ag technologies from the cornerstones of AGCO's tech stack: Precision Planting and its newest joint venture (JV), PTx Trimble.

Key Points: 
  • DULUTH, Ga., April 8, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, today announced the launch of PTx, a new brand representing its precision ag portfolio.
  • PTx combines precision ag technologies from the cornerstones of AGCO's tech stack: Precision Planting and its newest joint venture (JV), PTx Trimble.
  • Specialized precision ag dealers will help farmers retrofit almost any make or vintage of equipment they already own with the latest technologies.
  • "Through the PTx portfolio offerings within Precision Planting and PTx Trimble, we'll provide seamlessly compatible, powerfully simple precision ag solutions.

Agriculture Autonomous Retrofit Industry Report 2024: Global and Regional Analysis 2023-2033 - Focus on Driverless Tractor Kits, In-cab Display, Spot Spraying Kits, and Planting Automation Kits - ResearchAndMarkets.com

Retrieved on: 
Friday, April 5, 2024
Agriculture, Machine Tools, Metalworking & Metallurgy, Natural Resources, Manufacturing, Tax, Farmer, Growth, Name, Research, John Deere, Investment, AGCO, Traction, Government, CNH Industrial, Developed country, Ageing

The "Agriculture Autonomous Retrofit Market: A Global and Regional Analysis, 2023-2033" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Agriculture Autonomous Retrofit Market: A Global and Regional Analysis, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
  • North America has been playing an instrumental role in shaping the global agricultural autonomous retrofit market.
  • The tractor autonomy segment is expected to maintain its dominance in the agriculture autonomous retrofit market during 2023-2033.
  • Competitive Strategy: The key players in the global agriculture autonomous retrofit market analyzed and profiled in the study include manufacturers of agriculture autonomous retrofit kits.

Zilliant to Supply AGCO with Modernized Pricing for Agricultural Machinery

Retrieved on: 
Tuesday, April 2, 2024
Semiconductor, Security, Satellite, Photography, Audio, Video, Other Technology, Telecommunications, Artificial Intelligence, Software, Internet, Hardware, Electronic Design Automation, Consumer Electronics, Technology, Agriculture, Natural Resources, Robotics, Apps, Applications, Agritech, Farmer, Heart, AGCO, Management

Zilliant , the leader in pricing lifecycle management, today announced a strategic relationship with AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology.

Key Points: 
  • Zilliant , the leader in pricing lifecycle management, today announced a strategic relationship with AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology.
  • AGCO will leverage Zilliant for faster, more relevant pricing, saving hundreds of hours spent during the pricing process and increasing satisfaction among its dealers, customers and sales team.
  • With global brands, product lines and over 3,000 independent dealers and distributors in approximately 140 countries, ​AGCO faces complex pricing and bundling decisions for highly configured products with an extensive list of available options.
  • “With Zilliant, we’ve found an expert with the proven ability to transform pricing from manual processes to a centralized and automated system,” said Damon Audia, AGCO Senior Vice-President and Chief Financial Officer.

MasterBrand Adds Patrick Shannon to Board of Directors

Retrieved on: 
Wednesday, March 27, 2024
Home Goods, Construction & Property, Other Manufacturing, Other Construction & Property, Interior Design, Manufacturing, Retail, Residential Building & Real Estate, Certified Public Accountant, University, Senior, MBA, MBC, AGCO, BBA, Mercer University, Allegion, Arthur Andersen, Management

MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced that Patrick Shannon was appointed to the Company’s Board of Directors effective immediately.

Key Points: 
  • MasterBrand, Inc. (NYSE: MBC, the “Company,” or “MasterBrand”), the largest residential cabinet manufacturer in North America, today announced that Patrick Shannon was appointed to the Company’s Board of Directors effective immediately.
  • “Patrick is a seasoned executive with extensive financial leadership experience and a track record of operational excellence,” said Dave Banyard, President and Chief Executive Officer.
  • Mr. Shannon has served on the board of directors of Astec Industries since 2024.
  • Mr. Shannon holds a BBA in accounting from the University of Georgia and an MBA from Mercer University.

AGCO and Trimble Close Joint Venture, Form PTx Trimble

Retrieved on: 
Monday, April 1, 2024
Bank statement, TRMB, Farmer, Data management, Hand, JV, AGCO, Management

DULUTH, Ga. and WESTMINSTER, Colo., April 1, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO) and Trimble (Nasdaq: TRMB) today announced the closing of their joint venture (JV) transaction. The JV, known as PTx Trimble, combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company that will better serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market.

Key Points: 
  • AGCO has acquired an 85% stake in PTx Trimble, and Trimble will hold a 15% stake.
  • Going forward, the PTx Trimble JV will be consolidated into AGCO's financial statements.
  • "PTx Trimble will provide farmers greater access to next-generation precision ag tools, no matter what brands of tractors and implements they operate."
  • The formation of PTx Trimble enhances AGCO's comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability.

AGCO and Trimble Close Joint Venture, Form PTx Trimble

Retrieved on: 
Monday, April 1, 2024
Bank statement, TRMB, Farmer, Data management, Hand, JV, AGCO, Management

DULUTH, Ga. and WESTMINSTER, Colo., April 1, 2024 /PRNewswire/ -- AGCO Corporation (NYSE: AGCO) and Trimble (Nasdaq: TRMB) today announced the closing of their joint venture (JV) transaction. The JV, known as PTx Trimble, combines Trimble's precision agriculture business and AGCO's JCA Technologies to form a new company that will better serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market.

Key Points: 
  • AGCO has acquired an 85% stake in PTx Trimble, and Trimble will hold a 15% stake.
  • Going forward, the PTx Trimble JV will be consolidated into AGCO's financial statements.
  • "PTx Trimble will provide farmers greater access to next-generation precision ag tools, no matter what brands of tractors and implements they operate."
  • The formation of PTx Trimble enhances AGCO's comprehensive technology offering around guidance, autonomy, precision spraying, connected farming, data management and sustainability.