Acquisition of Shares of North American Corporation Specializing in Automatic Operation Control
November 25, 2021
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 and CEO: M. Brett McMickell, Ph.D.; hereinafter “AgJunction”), making AgJunction a company of the Kubota Group.
1. Background and Objectives
- Kubota has formulated its long-term vision “GMB2030” and has been carrying forward initiatives to realize smart agriculture with the aim of providing solutions that will improve productivity and safety of food. Agricultural machine automation is one of the key pillars of these initiatives.
- 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. AgJunction has numerous patents related to automatic operation control systems and has particular strengths in technologies for automated machine control and path planning.
- By making AgJunction a company of the Kubota Group, Kubota aims to strengthen its development structure for technologies related to automation and autonomy, connectivity, and data. Through the acquisition, Kubota will combine AgJunction’s technologies with Kubota’s products to speed up the development of automated technologies aimed at North American markets.
2. About AgJunction Inc.
|Corporate name||AgJunction Inc.|
|Business||Development, manufacture, and sale of equipment and software related to automatic operation control systems for agricultural and construction machines|
|Registered office||Calgary, Alberta, Canada|
|Representative||M. Brett McMickell, Ph.D.|
|Number of employees||Approx. 60|
Reference; About Kubota Canada Ltd.
|Corporate name||Kubota Canada Ltd.|
|Business||Sale of tractors, construction machines, engines, and general-purpose machines|
|Location||Markham, Ontario, Canada|