AGXTEND, CNH Industrial N.V.’s (NYSE: CNHI / MI: CNHI) accelerator for tech startups, announced that it has acquired a minority stake in Geoprospectors GmbH, a leading supplier of soil sensing equipment for precision farming and subsurface engineering.
The AGXTEND range of precision farming technologies will provide agricultural equipment users with productivity and efficiency enhancing solutions that deliver sustainability benefits. The company is planning a phased rollout is throughout the first quarter of 2019 across the entire EMEA Region.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.