M&A Deal Summary

Kubota Acquires AgJunction

On October 7, 2021, Kubota acquired technology hardware company AgJunction for 91M CAD

Acquisition Highlights
  • This is Kubota’s 1st transaction in the Technology Hardware sector.
  • This is Kubota’s 2nd largest (disclosed) transaction.
  • This is Kubota’s 2nd transaction in the United States.
  • This is Kubota’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-10-07
Target AgJunction
Sector Technology Hardware
Buyer(s) Kubota
Deal Type Add-on Acquisition
Deal Value 91M CAD
Advisor(s) Piper Sandler & Co. (Financial)
Burnet, Duckworth & Palmer (Legal)

Target

AgJunction

Scottsdale, Arizona, United States
AgJunction is a provider of hardware and software applications for precision agriculture. The Company holds more than 140 patents and markets its products and services under brand names that include Novariant, Outback Guidance, and Satloc. AgJunction was founded in 1990 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

Kubota

Osaka, Japan
Category Company
Founded 1890
Sector Machinery
Employees52,608
Revenue 3.02T JPY (2023)
DESCRIPTION

Kubota is a global manufacturing company, specializing in agriculture, water, and living environment products, with a worldwide network over 20 countries. Kubota began its business by manufacturing and selling cast metal products. Since then, Company have offered various products contributing to improving human lives and society. Vompany will endeavor to improve technical capabilities acquired over the course of history in a wider and deeper manner, extend business frontiers, and make a greater contribution to society. Kubota was founded in 1890 and is based in Osaka, Japan.

DEAL STATS #
Overall 2 of 3
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Arizona) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-13 Great Plains Manufacturing

Salina, Kansas, United States

Great Plains Manufacturing, Inc. engages in manufacturing and sale of implements (seeders, tillage, mowers, harrowing implements, etc.)

Buy $430M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-11 Bloomfield Robotics

Pittsburgh, Pennsylvania, United States

Bloomfield Robotics is a company that develops AI-driven plant imaging technology for use in specialty crops. Bloomfield Robotics is based in Pittsburgh, Pennsylvania.

Buy -
Mergr

Product

Company

Legal