We saw a megadeal during the first six months of 2024 as Trimble’s precision agriculture business merged with AGCO’s JCA Technologies unit through a $2.0B deal to establish a new joint venture that’s 85% owned by AGCO. This new company will be able to better serve farmers with factory fit and retrofit applications in the mixed-fleet precision agriculture market.

In June, Tock, a reservation, table, and event management software company owned by Squarespace, was pocketed by American Express for $400 million to add Tock’s network of restaurants and technology capabilities to its portfolio and build on American Express’ dining, travel and entertainment business.

In May, FactoryPal, a division of Körber that provides operational shopfloor performance SaaS, established a joint venture that’s majority owned by Valmet to advance FactoryPal’s product development with extensive machinery and paper making knowledge.

In April, Buildrz, a developer of construction and real estate project planning software powered by genAI, was acquired by One Click LCA to create an integrated feasibility study, cost analysis and carbon analysis offering that can identify low-carbon projects ensure code compliance.