Kubota : Acquisition of Shares of North American Corporation Specializing in Automatic Operation Control
November 24, 2021 at 09:10 pm EST
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Acquisition of Shares of North American Corporation Specializing in Automatic Operation Control
November 25, 2021
Kubota Corporation
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
Established
1990
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
Established
1975
Location
Markham, Ontario, Canada
President
Robert Hickey
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Kubota Corporation published this content on 25 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2021 02:09:04 UTC.
Kubota Corporation specializes in the manufacturing and marketing of industrial and agricultural machines and water purifying and distribution equipments. Net sales break down by family of products as follows:
- industrial and agricultural machines (84.9%): tractors, harvesters, transplantors, mowers, etc.;
- water purifying and distribution systems (13.9%): ductile cast iron, steel and plastic pipes, valves, recycling pumps, incinerators, ceramic filters, used water purifiers, etc.;
- other (1.2%): industrial pieces, steel tubes, building machines, etc.
Net sales break down geographically as follows: Japan (27.4%), Asia (18.5%), North America (37.3%), Europe (13%) and other (3.8%).
KUBOTA CORPORATION 
