AGCO Acquires Autonomous Software Developer JCA Industries – Farm Equipment

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DULUTH, Ga. — AGCO, a worldwide manufacturer and distributor of agricultural machinery and precision ag technology, announced May 2 that it has acquired JCA Industries, 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,” says 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.
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