Agjunction sells its SATLOC air business

AgJunction Inc. (TSX: AJX), the Autosteering Company ("AgJunction"), announced the sale of its SATLOC aerial guidance and flow control business to Texas Transland, LLC ("Transland"). The transaction, completed today, allows AgJunction to further focus on its mission to expand the market for autosteering.

The sale includes all SATLOC assets and the SATLOC brand name. Transland will take over the relationships with the SATLOC independent dealer network. The specific terms of the transaction are confidential.

"As the world's leading autosteering company, this transaction will enhance our focus on our mission to expand autosteering to all farmers by simplifying our product portfolio," said Dave Vaughn, president and CEO of AgJunction. "It further strengthens our commitment in making autosteering technology easily accessible to all farmers through our indirect channel partners-OEMs, VARs, and technology licensees-and our direct-to farmer channel via Handsfreefarm.com."