AgJunction Inc. announced that today at its special meeting of the shareholders, the shareholders of AgJunction passed a special resolution approving a statutory arrangement pursuant to Section 193 of the Business Corporations Act (Alberta), pursuant to which Kubota Canada Ltd., a wholly-owned subsidiary of Kubota Corporation will acquire all outstanding common shares of AgJunction for cash consideration of CAD $0.75 per AgJunction Share.

With this settlement, AgJunction and Kubota reached a mutually agreeable business resolution that resulted in the dismissal of the lawsuit and all counterclaims.

The partnership will allow AgJunction to introduce its Wheelman auto-steering solutions to nearly 9,000 FBN members through various strategic channels within the network’s framework.

AgJunction Inc. has filed a patent infringement lawsuit through its wholly owned U.S. subsidiaries in the Northern District of Georgia against Kubota Corp. and several of its subsidiaries.

The precision ag experts at AgJunction reveal Wheelman, a simple, affordable auto-steer system that can be installed in less than an hour.

AgJunction Inc. announced the relocation of its corporate headquarters from Hiawatha, Kansas to Scottsdale, Arizona. 

The transaction is expected to close in the third quarter, contingent on normal regulatory approvals. This acquisition aligns with Hemisphere’s continued push into the global agriculture market.