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Fujitsu proposed Akisai-Cloud for increasing the food supply chain in future by focusing on food and agricultural industries.
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.. Im Dampfberhitzer Marktbericht geht es um die Idee seiner globalen und regionalen Analyse fr den Zeitraum 2023-2030. AgJunction markets its solutions under leading brand names including Novariant, Wheelman, Whirl and Handsfreefarm. Sie knnen Ihre Einstellungen jederzeit ndern. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. AgJunction. But opting out of some of these cookies may affect your browsing experience. July 08, 2021 16:05 ET | Source: AgJunction. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. AgJunction is a solution provider specializing in the development and sale of hardware and software necessary for automated machine control applications, primarily for agricultural and construction machines in North America. By clicking Accept All, you consent to the use of ALL the cookies. 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 The Arrangement Agreement also provides a reverse termination fee of approximately CAD $4.5 million. AgJunction announced the acquisition on Oct. 8. The Company holds more than 140 patents and markets its products and services under brand names that include Novariant, Outback Guidance, and Satloc. AgJunction is recognized for creating reliable solutions backed by a deep mastery of precision technology. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Dies geschieht in Ihren Datenschutzeinstellungen. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. 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. Burnet, Duckworth & Palmer LLP is acting as legal counsel to AgJunction. 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. These cookies ensure basic functionalities and security features of the website, anonymously. . AgJunction Inc. Completes Plan of Arrangement. 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. This is Kubota's 2nd largest (disclosed) transaction. AgJunction has numerous patents related to automatic operation control systems and has particular strengths in technologies for automated machine control and path planning.
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. Kubota Corp. plans to acquire AgJunction, a company that develops guidance, autosteer and autonomy technology, for $72.8 million. Lazard Frres & Co. LLC is acting as financial advisor to Kubota. 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 Additional information on these and other factors that could affect AgJunction's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com) and at AgJunction's website (AgJunction.com). Sie knnen Ihre Einstellungen jederzeit ndern. On October 7, 2021, Kubota Corporation announced its agreement to acquire AgJunction for $91 million. Ms. SCOTTSDALE, Ariz., Oct. 07, 2021 (GLOBE NEWSWIRE) -- AgJunction Inc. (TSX: AJX) ("AgJunction"), a global provider of advanced guidance, autosteering, and autonomy solutions for precision . 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. 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. Required fields are marked *. kubota corporation (head office: naniwa-ku, osaka, japan; president and representative director: yuichi kitao; hereinafter "kubota") will acquire, through kubota canada ltd. (head office: markham, ontario, canada; president: robert hickey; hereinafter "kcl"), all shares of agjunction inc. (registered office: calgary, alberta, canada; president AgJunction is a provider of hardware and software applications for precision agriculture. In addition to the included IP licenses for business into the dealer channel, a second license was signed to allow agriculture steering solutions sales into OEM (original equipment manufacturer), VAR (value-added reseller) and all other segments of the agriculture supply chain. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Klicken Sie auf Einstellungen verwalten, um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. Transaction Name AgJunction acquired by kubota Acquired by kubota Announced Date Oct 7, 2021 Price CA$91M Frequently Asked Questions Where is AgJunction 's headquarters? Our products positively impact the environment through the use of less fuel, fertilizer, water, dust and seed. 25+ Years of autosteering experience 200 Patents and Patents Pending 2000 + Supported tractor models Welcome to AgJunction! Kubota Corp. plans to acquire AgJunction, a company that develops guidance, autosteer and autonomy technology, for $72.8 million. Readers are cautioned that the forgoing lists of factors are not exhaustive. AgJunction, Inc. AgEagle Aerial Systems Inc. Autonomous Solutions, Inc. . SCOTTSDALE, Ariz., July 08, 2021 (GLOBE NEWSWIRE) -- AgJunction Inc. (TSX: AJX) and its wholly-owned subsidiary, Novariant, Inc. (together "AgJunction . MediaAgJunction Inc.press@agjunction.comInvestor RelationsGateway Investor RelationsCody Slach or Cody Cree1-949-574-3860AJX@gatewayir.com. With the assistance of AgJunction's financial advisor, Piper Sandler & Co. ("PSC"), potentially interested parties were contacted to determine their interest level in pursuing a strategic transaction with AgJunction. 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. The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta). By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that predictions, forecasts, projections and other forward-looking statements will not occur, which may cause AgJunction's actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Save my name, email, and website in this browser for the next time I comment. Although AgJunction believes that the expectations reflected in the forward-looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. AgJunction Inc. recently reported financial results for the fourth quarter and full year ended Dec. 31, 2020. Readers are cautioned not to place undue reliance on forward-looking statements included in this press release, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. Through the acquisition, Kubota will combine AgJunctions technologies with Kubotas products to speed up the development of automated technologies aimed at North American markets. Leveraging our staff of highly skilled engineers and farmers, AgJunction engages in R&D projects to fit clients specific needs for reliable automation. AgJunction is headquartered in Scottsdale, Arizona, and is listed on the TSX under the symbol "AJX." For more information, visit www.agjunction.com Media Relations Email: press@agjunction.com. About AgJunctionAgJunction Inc. is a global leader of advanced guidance and autosteering solutions for precision agriculture applications. Time: 11:00 a.m. Eastern time (8:00 a.m. Pacific time) Toll-free dial-in number: 1-877-573-5992. International dial-in number: 1-270-215-9903. 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. Klicken Sie auf Einstellungen verwalten, um weitere Informationen zu erhalten und Ihre Einstellungen zu verwalten. AgJunction LLC L'Agriculture Intelligente SolutionAnalyse Du Segment Rgional : Le Rapport Dcrit L'tat De Dveloppement Rgional De La Part De March Mondiale De L'Agriculture Intelligente Solution Et Met galement En Lumire La Chane D'offre Et De Demande, Les Bnfices Et L'attractivit Du March Dans Les . Date: Monday, November 15, 2021. The cookies is used to store the user consent for the cookies in the category "Necessary". | Source:
Established in 2008, AgJunction has developed a patent-pending, flexible, Web-based system for client, farm and field management. To support our cutting-edge hardware, AgJunction has a suite of software modular solutions to automate tasks for a variety of applications in various industries. . 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 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. AgJunction to Acquire Novariant March 17, 2015 | Posted in Industry News HIAWATHA, Kan., and FREMONT Calif., 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. 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. We also use third-party cookies that help us analyze and understand how you use this website. Dies geschieht in Ihren Datenschutzeinstellungen. Mori Hamada & Matsumoto and Osler, Hoskin & Harcourt LLP are acting as legal advisors to Kubota. 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. Winning awards in other categories went to McCormick, New Holland and JCB. AgJunction is recognized for creating reliable solutions backed by a deep mastery of precision technology. 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 . We are here to help our customers gain the flexibility needed to thrive through our modular approach and adaptable solutions that lead to speed to market. 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.
AgJunction automates off-road applications to positively impact society by increasing efficiency, precision and reliability. The Arrangement Agreement contains customary representations and warranties of each party and interim operational covenants by AgJunction. The cookie is used to store the user consent for the cookies in the category "Analytics". The non-completion fee is payable in the event that the Transaction is not completed or is terminated by AgJunction or the Purchaser in certain circumstances, including if AgJunction enters into an agreement with respect to a superior proposal or if the AgJunction Board, in certain circumstances, withdraws or modifies its recommendation with respect to the Transaction. Agricultural machine automation is one of the key pillars of these initiatives. Es ermglicht uns, die zuknftigen und gegenwrtigen Bedingungen des globalen Marktes mit wesentlichen . AgJunction Financials Summary financials Revenue ( FY, 2018) $64.5M Gross profit ( FY, 2018) $23.8M Net income ( FY, 2018) $1.5M Cash ( FY, 2018) $21.4M EBIT ( FY, 2018) ($1.9M) Competitors and similar companies FieldIn Agriculture - Private AppHarvest Agriculture - Private Leaf Agriculture - Private FarmLogs Agriculture - Private 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. Agjunction Aus General Information. Your email address will not be published. This deal was done in Cash. 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). AgJunction has acquired 2 companies of its own. Through this acquisition, Hemisphere GPS aims to rapidly offer its customer base connected solutions integrating location-based technology hardware with cloud-based wireless data management services. DLA Piper (Canada) LLP is acting as independent legal counsel to the Special Committee. Adoption of new automation demands tighter vehicle integration and large scale distribution. 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 . 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. SCOTTSDALE, Ariz. (PRWEB) September 04, 2018 Hemisphere GNSS, Inc. (Hemisphere) announces the closing of the prior announced definitive agreement to purchase all of the assets of the Outback Guidance (Outback) business from AgJunction, Inc. (TSX: AJX) along with a new technology licensing agreement.
This cookie is set by GDPR Cookie Consent plugin. AgJunction Inc. is a global leader of advanced guidance and autosteering solutions for precision agriculture applications. These cookies track visitors across websites and collect information to provide customized ads. Over 15% of our revenue in recent years has gone into Research and Development to provide farmers with solutions for todays and tomorrows technological needs. A copy of the Arrangement Agreement and the information circular will be filed on AgJunction's SEDAR profile and will be available for viewing at www.sedar.com. 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.
Its technologies are critical components in over 30 of the worlds leading precision Ag manufacturers and solution providers and it holds a comprehensive intellectual property with over 200 patents and patents pending. AgJunction's directors, executive officers and a significant shareholder of AgJunction holding a combined total of approximately 20% of the issued and outstanding AgJunction common shares, have entered into voting and support agreements, pursuant to which they have agreed to vote in favor of the resolution authorizing the Transaction at the Meeting (as defined below), subject to the provisions of such voting and support agreements. 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.