In October, there was a megadeal as Environmental Solutions Group, a provider of solutions for the waste industry including automation offerings, collection vehicles and waste compaction systems along with customer relationship software, was acquired from Dover by Terex for $2B in October 2024. This acquisition expands Terex’s customer base, enables it to provide a broader set of solutions to its clients and allows it to benefit from increased scale.

In April, there was a megadeal as Trimble’s precision agriculture business merged with AGCO’s JCA Technologies unit through a $2B transaction 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 December, Windward, a developer of AI-powered predictive intelligence software for the maritime industry, was sold for $273M at 7.9 times revenue to FTV Capital to accelerate its expansion into new markets by becoming a broader supply chain analytics provider and to support future product development.

In November, Farm Dog, an agricultural data platform, was purchased by FarmQA from Deveron to offer agronomists, growers and other professionals in the agricultural industry precision tools and actionable insights covering the entire crop production cycle.

In October, c-trace, a provider of waste management software and related systems, sold an 80% interest to TOMRA to broaden its waste management and recycling solutions and accelerate c-trace’s international expansion efforts.