agjunction acquisition

In particular, this press release contains, without limitation, forward-looking information and statements pertaining to: the Transaction and the anticipated timing of required regulatory, court and shareholder approvals; mailing of the information circular related to the Meeting and the timing of the Meeting; the anticipated benefits of the Transaction for AgJunction shareholders; the ability of the parties to satisfy the other conditions to, and to complete, the Transaction; and the anticipated timing for the closing of the Transaction. AgJunction is a global leader of advanced guidance and auto-steering solutions, specialising in the development and sale of hardware and software required for automated machine control applications. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Under the terms of the Arrangement Agreement, Kubota will acquire AgJunction for CAD $0.75 per common share (the "Purchase Price"), representing a premium of approximately 60% to the closing price of the common shares on the Toronto Stock Exchange ("TSX") on October 7, 2021, the last trading day prior to this announcement, and a 59% premium to AgJunctions 30 day volume-weighted average share price on the TSX. So if you are a farmer trying to increase productivity, you have come to the right place. You also have the option to opt-out of these cookies. AgJunction is automating off-road applications to positively impact society by increasing productivity, improving safety and supporting sustainable agriculture. The existing range of seed drills is thus, BKT launches the Agriforce BK T71, the first of a brand-new series of BKT rubber tracks for the farming sector and, in this case, particularly, World-Agritech is published by ceres media. Im Dampfberhitzer Marktbericht geht es um die Idee seiner globalen und regionalen Analyse fr den Zeitraum 2023-2030. The Company's most targeted sectors include software (50%) and test/measurement equipment (50%).. Join Mergr and gain access to AgJunction's M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity . AgJunction, Inc. AgEagle Aerial Systems Inc. Autonomous Solutions, Inc. . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Acquisition New Jersey, United States - Analysis of Hardware-as-a-Service Market 2022 to 2028, Size . Given the competitive landscape, delayed adoption rates due to COVID-19, capital requirements and available sources of capital, AgJunctions Board initiated a confidential process, supervised by the Special Committee in order to review strategic alternatives available to AgJunction and, if they emerged, to consider expressions of interest from third parties and any other transactions that AgJunction may consider in connection with strategic matters that are determined to be in the best interests of AgJunction. The Transaction is also expected to accelerate the execution of AgJunction's business plan, enhance access to additional customers and markets, provide efficiencies from greater scale and allows the opportunity for the retention of many AgJunction employees in the go-forward entity.". Per the terms, Kubota will buy AgJunction (AJXGF) for C$0.75/share, representing a premium of ~60% to the closing price of the common shares on the TSX on October 7, 2021.The board. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. For more information, please go to www.kubota.com. Date: Monday, November 15, 2021. The company plans to hold a special meeting for shareholders in November to seek approval for the acquisition, and the transition would likely close shortly after approval. These risks and uncertainties include, without limitation, completion of the Transaction is subject to a number of conditions which are typical for transactions of this nature, certain of which are outside the control of AgJunction, failure to satisfy any of these conditions, the emergence of a superior proposal or the failure to obtain approval of AgJunction's shareholders may result in the termination of the Arrangement Agreement. AgJunction automates off-road applications to positively impact society by increasing efficiency, precision and reliability. The Fendt 728 Vario has been elected Tractor of the Year 2023. Announced on October 7, Kubota and AgJunction have entered into a definitive agreement for Kubota to acquire AgJunction in an all-cash transaction with a total equity value of approximately CAD. Sie knnen Ihre Einstellungen jederzeit ndern. This is Kubota's 1st transaction in the Technology Hardware sector. . On October 7, 2021, Kubota Corporation announced its agreement to acquire AgJunction for $91 million. under the terms of the arrangement agreement entered into between kubota corporation and agjunction dated october 7, 2021 in respect of the arrangement (the " arrangement agreement "), kubota. Ms. Adoption of new automation demands tighter vehicle integration and large scale distribution. Kubota will acquire AgJunction for CAD $ 0.75 per common share, representing a premium of approximately 60% to the closing price of the common shares on the Toronto Stock Exchange on October 7, 2021, the last trading day prior to this announcement, and a 59% premium to AgJunction's 30 day volume-weighted average share price on the TSX.. Your email address will not be published. HEMISPHERE GPS TO ENTER DATA SERVICES MARKET WITH ACQUISITION OF AGJUNCTION Jan. 24, 2012 Source: Hemisphere GPS news release Hemisphere GPS announced that it is entering the emerging data services market in precision agriculture with a purchase agreement to acquire the assets and operations of AgJunction from GVM, Inc. AgJunction has numerous patents related to automatic operation control systems and has particular strengths in technologies for automated machine control and path planning. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Readers are cautioned that the forgoing lists of factors are not exhaustive. These cookies ensure basic functionalities and security features of the website, anonymously. SCOTTSDALE, Ariz., Dec. 07, 2021 (GLOBE NEWSWIRE) -- AgJunction Inc. (TSX: AJX) (" AgJunction " or the " Corporation ") is pleased to announce that it has completed its previously . Description. Novariant acquired by AgJunction Summary Overview Acquired Organization: Novariant Novariant provides GPS and machine control solutions that maximize productivity in the precision agriculture industry. Burnet, Duckworth & Palmer LLP is acting as legal counsel to AgJunction. DLA Piper (Canada) LLP is acting as independent legal counsel to the Special Committee. Under the terms of the Arrangement Agreement, the Transaction is also subject to the final approval of the Court of Queen's Bench of Alberta following the Meeting, the completion of applicable regulatory filings and the satisfaction of certain closing conditions customary in transactions of this nature, including the absence of material adverse changes in the business and affairs of AgJunction. July 08, 2021 16:05 ET | Source: AgJunction. agjunction inc., a global provider of advanced guidance, autosteering, and autonomy solutions for precision agriculture applications, today announced that it has entered into a definitive arrangement agreement to be acquired by kubota corporation in an all-cash transaction with a total equity value, on a fully diluted basis, of approximately cad Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Furthermore, the forward-looking statements contained in this press release are made as at the date of this press release and AgJunction does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. AgJunction. Sie knnen Ihre Einstellungen jederzeit ndern. under the terms of the arrangement agreement, kubota will acquire agjunction for cad $0.75 per common share (the " purchase price "), representing a premium of approximately 60% to the closing. Under the terms of the agreement, Kubota will acquire AgJunction in an all-cash transaction of approximately CAD $91 million ($72.8 million USD). The Company holds more than 140 patents and markets its products and services under brand names that include Novariant, Outback Guidance, and Satloc. PSC acted as financial advisor to AgJunction in connection with the Transaction. Although agricultural equipment is Kubotas primary line of products, Kubota also produces a diverse portfolio of other products including pipe-related products, environment-related products, and social infrastructure-related products to contribute to improve human lives and society. AgJunction is a provider of hardware and software applications for precision agriculture. AgJunction markets its solutions under leading brand names including Novariant, Wheelman, Whirl and Handsfreefarm. On October 7, 2021, Kubota Corp. acquired technology hardware company AgJunction, Inc. for 91M CAD Acquisition Highlights. This cookie is set by GDPR Cookie Consent plugin. Further details with respect to the Transaction will be included in the management information circular to be mailed to AgJunction shareholders in connection with the Meeting. SCOTTSDALE, Ariz., Oct. 07, 2021 (GLOBE NEWSWIRE) -- AgJunctionInc. (TSX: AJX)("AgJunction"), a global provider of advanced guidance, autosteering, and autonomy solutions for precision agriculture applications, today announced that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") to be acquired by KUBOTA Corporation ("Kubota" or the "Purchaser"), a corporation headquartered in Osaka, Japan, in an all-cash transaction with a total equity value, on a fully diluted basis, of approximately CAD $91 million. AgJunction Inc., a global provider of advanced guidance, autosteering, and autonomy solutions for precision agriculture applications, today announced that it has entered into a definitive arrangement agreement to be acquired by Kubota Corporation in an all-cash transaction with a total equity value, on a fully diluted basis, of approximately CAD $91 million (USD $72.8 million). With over 25 years of experience in precision agriculture, we offer modular automation solutions along with seamless integration services to a mixed fleet in the field. The Arrangement Agreement contains customary representations and warranties of each party and interim operational covenants by AgJunction. The cookies is used to store the user consent for the cookies in the category "Necessary". | Source: Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Forward-Looking StatementsThis press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of AgJunction as of the date of this press release, unless otherwise stated. AgJunction Inc. and Novariant Inc. have entered into an agreement under which AgJunction has agreed to acquire Novariant through a merger transaction pursuant to which AgJunction will issue common shares to Novariant shareholders, according to an AgJunction media release. But opting out of some of these cookies may affect your browsing experience. As per the announcement in the press release dated November 25, 2021, "Acquisition of Shares of North American Corporation Specializing in Automatic Operation Control," Kubota was in the process of making AgJunction its wholly-owned company through Kubota Canada Ltd. (Head Office: Markham, Ontario, Canada; President: Robert Hickey). . Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The Meeting is expected to be held in November 2021 with closing of the Transaction to occur soon thereafter upon satisfaction or waiver of all conditions precedent. Established in 2008, AgJunction has developed a patent-pending, flexible, Web-based system for client, farm and field management. Acquiring Organization: AgJunction AgJunction, Inc. provides innovative hardware and software applications for precision agriculture worldwide. Lazard Frres & Co. LLC is acting as financial advisor to Kubota. Automation rapidly advancing Fr nhere Informationen zur Nutzung Ihrer Daten lesen Sie bitte unsere Datenschutzerklrung und Cookie-Richtlinie. Lori Ell, Chair of the Board, commented, "We are pleased to announce this Transaction, which offers our shareholders a compelling opportunity to monetize their investment at an attractive valuation and significant premium to the current and historical trading price of the AgJunction shares. The Purchase Price is all cash and the Transaction is not subject to any financing conditions, which provides AgJunction shareholders with an immediate opportunity to realize full liquidity and certainty of value in cash for their investment in AgJunction. The . Kubota Corporation will acquire, through Kubota Canada Ltd. all shares of AgJunction Inc., making AgJunction a company of the Kubota Group. AgJunction is recognized for creating reliable solutions backed by a deep mastery of precision technology. Home Business news Kubota acquires AgJunction. This release does not constitute an offer to purchase or a solicitation of an offer to sell securities. AgJunction. We also use third-party cookies that help us analyze and understand how you use this website. In a statement, Lori Ell, chair of AgJunction's board of directors, said, "The Transaction is expected to accelerate the execution of AgJunction's business plan, enhance . The company plans to hold a special meeting for shareholders in November to seek approval for the acquisition, and the transition would likely close shortly after approval. Upon closing of the Transaction, the AgJunction common shares will be de-listed from the TSX. Developer of precision guidance software. Conference ID . The use of any of the words "expect", "anticipate", "continue", "estimate","objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information. 25+ Years of autosteering experience 200 Patents and Patents Pending 2000 + Supported tractor models Welcome to AgJunction! Management Commentary "At the beginning of last year, I don't think anyone could have predicted just how disruptive 2020 would be due mostly to the COVID-19 pandemic," said Dr. M. Brett McMickell, president and CEO of AgJunction.

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