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{{Short description|American agricultural machinery manufacturer}}
{{Short description|American agricultural machinery manufacturer}}
{{for|another use|Alcohol and Gaming Commission of Ontario}}
{{other uses}}
{{Infobox company
{{Infobox company
| name = AGCO Corporation
| name = AGCO Corporation
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| former_name = {{ubl|Gleaner-Allis Corporation|Allis-Gleaner Corporation}}
| former_name = {{ubl|Gleaner-Allis Corporation|Allis-Gleaner Corporation}}
| logo = AGCO logo.svg
| logo = AGCO logo.svg
| type = [[Public company]]
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NYSE|AGCO}}|[[List of S&P 400 companies|S&P 400]] component}}
| traded_as = {{ubl|{{NYSE|AGCO}}|[[List of S&P 400 companies|S&P 400]] component}}
| founded = {{Start date and age|1990}}
| founded = {{Start date and age|1990}}
| hq_location = [[Duluth, Georgia]], U.S.
| hq_location = [[Duluth, Georgia]], U.S.
| area_served = Worldwide
| area_served = Worldwide
| key_people = {{Unbulleted list|{{nowrap|Eric Hansotia}}|{{nowrap|<small>([[Chairman#Public corporations|Chairman]], [[President (corporate title)|President]], & [[CEO]])</small>}}|{{nowrap|Andrew H. Beck}}|{{nowrap|<small>([[Vice president#In business|Vice-president]] & [[CFO]])</small>}}}}
| key_people = {{Unbulleted list|{{nowrap|Eric Hansotia}}|{{nowrap|([[Chairman#Public corporations|Chairman]], [[President (corporate title)|President]], [[Chief executive officer|CEO]])}}|{{nowrap|Damon Audia}}|{{nowrap|([[Vice president#In business|Senior Vice President]], [[Chief executive officer|CFO]])}}}}
| industry = [[Agricultural machinery]]
| industry = [[Agricultural machinery]]
| products = [[Tractor]]s, [[Combine harvester|Combines]], [[Hay]] tools, [[Forage harvester|Foragers]], [[Seed drill|Seeding]] & [[Tillage]] equipment, Self-propelled [[sprayer]]s, Smart Farming Technology, [[Diesel engine]]s and [[Diesel generator|generators]]
| products = [[Tractor]]s, [[Combine harvester|Combines]], [[Hay]] tools, [[Forage harvester|Foragers]], [[Seed drill|Seeding]] & [[Tillage]] equipment, Self-propelled [[sprayer]]s, Smart Farming Technology, [[Diesel engine]]s and [[Diesel generator|generators]]
| brands = [[Challenger Tractor|Challenger]], [[Fendt]], [[Gleaner Manufacturing Company |Gleaner]], GSI, [[Massey Ferguson]], RoGator, TerraGator, Sunflower Manufacturing, [[Valtra]], [[White Farm Equipment]]
| brands = [[Challenger Tractor|Challenger]], [[Fendt]], [[Gleaner Manufacturing Company|Gleaner]], GSI, [[Massey Ferguson]], RoGator, TerraGator, Sunflower Manufacturing, [[Valtra]], [[White Farm Equipment]], JCA Technologies
| services = Parts, service, finance
| services = Parts, service, finance
| revenue = {{increase}} {{US$}}14.41 billion (2023)
| revenue = {{nowrap|{{increase}} {{US$|12.651 billion|link=yes}} (2022)<ref name="10-K 2022">{{cite web|url=https://investors.agcocorp.com/node/23606/html#ibdc8143d152844558ca1dbe6c88357a9_184|title=US SEC: Form 10-K AGCO Corporation|publisher=[[United States Securities and Exchange Commission]]|access-date=April 30, 2023}}</ref>}}
| operating_income = {{nowrap|{{increase}} US$1.308 billion (2022)<ref name="10-K 2022"/>}}
| operating_income =
| net_income = {{nowrap|{{increase}} US$889.6 million (2022)<ref name="10-K 2022"/>}}
| net_income = {{increase}} US$1.17 billion (2023)
| assets = {{nowrap|{{increase}} US$11.42 billion (2023)<ref name="10-K 2023">{{cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/880266/000088026624000013/agco-20231231.htm |title=US SEC: Form 10-K AGCO Corporation for fiscal year ending December 31, 2023 |publisher=[[United States Securities and Exchange Commission]] |access-date=September 5, 2024 |archive-date=May 22, 2024 |archive-url=https://web.archive.org/web/20240522101625/https://www.sec.gov/ix?doc=/Archives/edgar/data/880266/000088026624000013/agco-20231231.htm |url-status=live }}</ref>}}
| assets = {{nowrap|{{increase}} US$8.359 billion (2022)<ref name="10-K 2022"/>}}
| equity = {{nowrap|{{increase}} US$3.882 billion (2022)<ref name="10-K 2022"/>}}
| equity = {{nowrap|{{increase}} US$4.66 billion (2023)<ref name="10-K 2023"/>}}
| num_employees = 27,900
| num_employees = 23,700<ref>{{Cite web|url=http://fortune.com/fortune500/agco/|title=AGCO|website=Fortune|access-date=2018-12-14|archive-date=2018-12-15|archive-url=https://web.archive.org/web/20181215022239/http://fortune.com/fortune500/agco/|url-status=dead}}</ref>
| num_employees_year = 2021
| num_employees_year = 2023
| website = {{URL|https://www.agcocorp.com/|agcocorp.com}}
| website = {{URL|https://www.agcocorp.com/|agcocorp.com}}
}}
}}


'''AGCO Corporation''' is an American [[agricultural machinery]] manufacturer headquartered in [[Duluth, Georgia]], United States. It was founded in 1990. AGCO designs, produces and sells [[tractor]]s, [[Combine harvester|combines]], [[Forage harvester|foragers]], [[hay]] tools, self-propelled [[sprayer]]s, smart farming technologies, [[Seed drill|seeding]] equipment, and [[tillage]] equipment.
'''AGCO Corporation''' is an American [[agricultural machinery]] manufacturer headquartered in [[Duluth, Georgia]], United States. It was founded in 1990. AGCO designs, produces and sells [[tractor]]s, [[Combine harvester|combines]], [[Forage harvester|foragers]], [[hay]] tools, self-propelled [[sprayer]]s, smart farming technologies, [[Seed drill|seeding]] equipment, and [[tillage]] equipment.


==History==
==History==
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[[File:Hesston 5670 round baler.jpg|thumb|left|Hesston 5670 round baler, in 2010]]
[[File:Hesston 5670 round baler.jpg|thumb|left|Hesston 5670 round baler, in 2010]]


AGCO was established on June 20, 1990 when Robert J. Ratliff, John M. Shumejda, Edward R. Swingle, and James M. Seaver, who were executives at [[Deutz-Allis]], bought out Deutz-Allis North American operations from the parent corporation [[KHD Humboldt Wedag|Klöckner-Humboldt-Deutz AG]] (KHD), a German company which owned the [[Deutz-Fahr]] brand of agriculture equipment. KHD had purchased portions of the [[Allis-Chalmers]] agricultural equipment business five years earlier.<ref name="History of AGCO">{{cite web|url=http://www.agcocorp.com/company/history.aspx|title=History of AGCO|website=History of AGCO}}</ref> After the organization of the company, Robert Ratliff was selected to be the company's first chairman.<ref>{{Cite web |last=Executive |first=Chief |date=1994-04-01 |title=Robert J. Ratliff |url=https://chiefexecutive.net/robert-j-ratliff__trashed/ |access-date=2022-06-25 |website=ChiefExecutive.net |language=en-US}}</ref>
AGCO was established on June 20, 1990, when Robert J. Ratliff, John M. Shumejda, Edward R. Swingle, and James M. Seaver, who were executives at [[Deutz-Allis]], bought out Deutz-Allis North American operations from the parent corporation [[KHD Humboldt Wedag|Klöckner-Humboldt-Deutz AG]] (KHD), a German company which owned the [[Deutz-Fahr]] brand of agriculture equipment. KHD had purchased portions of the [[Allis-Chalmers]] agricultural equipment business five years earlier.<ref name="History of AGCO">{{cite web|url=http://www.agcocorp.com/company/history.aspx|title=History of AGCO|website=History of AGCO|access-date=2011-01-13|archive-date=2014-12-03|archive-url=https://web.archive.org/web/20141203225830/http://www.agcocorp.com/company/history.aspx|url-status=dead}}</ref> After the organization of the company, Robert Ratliff was selected to be the company's first chairman.<ref>{{Cite web |last=Executive |first=Chief |date=1994-04-01 |title=Robert J. Ratliff |url=https://chiefexecutive.net/robert-j-ratliff__trashed/ |access-date=2022-06-25 |website=ChiefExecutive.net |language=en-US |archive-date=2022-06-25 |archive-url=https://web.archive.org/web/20220625023702/https://chiefexecutive.net/robert-j-ratliff__trashed/ |url-status=live }}</ref>


The company was called Gleaner-Allis Corporation, then the name was changed to Allis-Gleaner Corporation, or AGCO. The [[Deutz-Allis]] line of tractors was renamed AGCO-Allis, and [[Gleaner Manufacturing Company|Gleaner]] became a brand of its own for combines. The Deutz-Allis brand continued in [[South America]] until 2001, when it was renamed AGCO-Allis. In 2001, AGCO Allis was renamed AGCO in [[North America]].
The company was called Gleaner-Allis Corporation, then the name was changed to Allis-Gleaner Corporation, or AGCO. The [[Deutz-Allis]] line of tractors was renamed AGCO-Allis, and [[Gleaner Manufacturing Company|Gleaner]] became a brand of its own for combines. The Deutz-Allis brand continued in [[South America]] until 2001, when it was renamed AGCO-Allis. In 2001, AGCO Allis was renamed AGCO in [[North America]].


In March 1991, AGCO purchased the Hesston Corporation which is in [[Hesston, Kansas]]<ref name="AGCO-Jul-1996-S-4/A"/><ref>{{cite web|url=http://www.progressiveforage.com/index.php?option=com_content&view=article&id=4471:lyle-yost-founder-of-hesston-corp-passes-away-at-age-99&catid=37:industry-news&Itemid=140|publisher=Progressive Forage|title=Lyle Yost, founder of Hesston Corp., passes away at age 99|access-date=September 16, 2012|date=May 4, 2012|archive-date=March 13, 2016|archive-url=https://web.archive.org/web/20160313203812/http://www.progressiveforage.com/index.php?catid=37:industry-news&id=4471:lyle-yost-founder-of-hesston-corp-passes-away-at-age-99&itemid=140&option=com_content&view=article|url-status=dead}}</ref> gaining hay and forage equipment as well as technologies such as the grain auger, invented in 1947 by [[Lyle Yost]].<ref>{{cite web|url=http://www.kansas.com/2012/04/06/2286965/lyle-yost-founder-of-hesston-industries.html|publisher=[[Wichita Eagle]]|first=Dan|last=Voorhis|title=Lyle Yost, founder of Hesston Industries, dies at age 99|access-date=September 12, 2012|date=April 6, 2012Z|archive-date=August 10, 2014|archive-url=https://web.archive.org/web/20140810092401/http://www.kansas.com/2012/04/06/2286965/lyle-yost-founder-of-hesston-industries.html|url-status=dead}}</ref> Hesston had a 50 percent joint venture with [[Case IH|Case International]], now a part of [[CNH Global]]. AGCO purchased the [[White Tractor]] line from the Allied Corporation's White-New Idea company.<ref name="AGCO-Jul-1996-424B3">{{cite web|url=http://edgar.secdatabase.com/1762/95014496004408/filing-main.htm |title=AGCO, Form 424B3, Prospectus, Filing Date Jul 17, 1996 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> In 1993, AGCO purchased the remainder of [[White Farm Equipment|White-New Idea]],<ref name="AGCO-Jan-1997-S-3">{{cite web|url=http://edgar.secdatabase.com/2195/95014497000509/filing-main.htm |title=AGCO, Form S-3, Registration Statement, Filing Date Jan 22, 1997 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> a manufacturer of New Idea hay equipment, manure spreaders, and White planters with a large manufacturing plant in [[Coldwater, Ohio]].
In March 1991, AGCO purchased the Hesston Corporation which is in [[Hesston, Kansas]]<ref name="AGCO-Jul-1996-S-4/A"/><ref>{{cite web|url=http://www.progressiveforage.com/index.php?option=com_content&view=article&id=4471:lyle-yost-founder-of-hesston-corp-passes-away-at-age-99&catid=37:industry-news&Itemid=140|publisher=Progressive Forage|title=Lyle Yost, founder of Hesston Corp., passes away at age 99|access-date=September 16, 2012|date=May 4, 2012|archive-date=March 13, 2016|archive-url=https://web.archive.org/web/20160313203812/http://www.progressiveforage.com/index.php?catid=37:industry-news&id=4471:lyle-yost-founder-of-hesston-corp-passes-away-at-age-99&itemid=140&option=com_content&view=article|url-status=dead}}</ref> gaining hay and forage equipment as well as technologies such as the grain auger, invented in 1947 by [[Lyle Yost]].<ref>{{cite web|url=http://www.kansas.com/2012/04/06/2286965/lyle-yost-founder-of-hesston-industries.html|publisher=[[Wichita Eagle]]|first=Dan|last=Voorhis|title=Lyle Yost, founder of Hesston Industries, dies at age 99|access-date=September 12, 2012|date=April 6, 2012Z|archive-date=August 10, 2014|archive-url=https://web.archive.org/web/20140810092401/http://www.kansas.com/2012/04/06/2286965/lyle-yost-founder-of-hesston-industries.html|url-status=dead}}</ref> Hesston had a 50 percent joint venture with [[Case IH|Case International]], now a part of [[CNH Global]]. AGCO purchased the [[White Tractor]] line from the Allied Corporation's White-New Idea company.<ref name="AGCO-Jul-1996-424B3">{{cite web |url=http://edgar.secdatabase.com/1762/95014496004408/filing-main.htm |title=AGCO, Form 424B3, Prospectus, Filing Date Jul 17, 1996 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304030250/http://edgar.secdatabase.com/1762/95014496004408/filing-main.htm |url-status=live }}</ref> In 1993, AGCO purchased the remainder of [[White Farm Equipment|White-New Idea]],<ref name="AGCO-Jan-1997-S-3">{{cite web|url=http://edgar.secdatabase.com/2195/95014497000509/filing-main.htm |title=AGCO, Form S-3, Registration Statement, Filing Date Jan 22, 1997 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> a manufacturer of New Idea hay equipment, manure spreaders, and White planters with a large manufacturing plant in [[Coldwater, Ohio]].


[[File:Massey Ferguson 6490.jpg|thumb|left|[[Massey Ferguson]] 6490 tractor, in 2008]]
[[File:Massey Ferguson 6490.jpg|thumb|left|[[Massey Ferguson]] 6490 tractor, in 2008]]
Also in 1993, AGCO purchased the [[North America]]n distribution rights to [[Massey Ferguson]], a worldwide agricultural equipment company. In 1994, they purchased McConnell Tractors,<ref name="AGCO-Jul-1996-S-4/A">{{cite web|url=http://edgar.secdatabase.com/1655/95014496004301/filing-main.htm |title=AGCO, Form S-4/A, Registration of Securities, Filing Date Jul 15, 1996 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> manufacturer of the large articulated Massey Ferguson tractors. AGCO developed the Agcostar line of articulated tractors. Later in 1994, the Black Machine line of planters was purchased.{{Citation needed|date=February 2019}}
AGCO purchased the [[North America]]n distribution rights to global agricultural equipment manufacturer [[Massey Ferguson]] in 1993 and purchased the company from [[Varity]] the following year. The acquisition of England-based Massey Ferguson gave AGCO access to markets in Europe and around the world. At the time, Massey Ferguson had 20 percent of the global market share for tractors.<ref>{{cite news |title=Agco to Acquire Massey Ferguson |work=The New York Times |date=April 28, 1994 |access-date=August 6, 2024 |last1=Ringer |first1=Richard |url=https://www.nytimes.com/1994/04/28/business/company-news-agco-to-acquire-massey-ferguson.html |archive-date=October 20, 2023 |archive-url=https://web.archive.org/web/20231020205128/https://www.nytimes.com/1994/04/28/business/company-news-agco-to-acquire-massey-ferguson.html |url-status=live }}</ref> AGCO also purchased McConnell Tractors in 1994,<ref name="AGCO-Jul-1996-S-4/A">{{cite web |url=http://edgar.secdatabase.com/1655/95014496004301/filing-main.htm |title=AGCO, Form S-4/A, Registration of Securities, Filing Date Jul 15, 1996 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304023834/http://edgar.secdatabase.com/1655/95014496004301/filing-main.htm |url-status=live }}</ref> manufacturer of the large articulated Massey Ferguson tractors. AGCO developed the Agcostar line of articulated tractors. Later in 1994, the Black Machine line of planters was purchased.<ref name="OWH1">{{cite news |title=Tractor Maker Hauls In Sales; AGCO's Acquisitions Make Georgia Firm World Market Leader |last1= |first1= |agency=Associated Press |url= |work=Omaha World Herald |date=November 21, 1994 |access-date=}}</ref>


In 1995 AgEquipment Group was bought;<ref name="AGCO-Jul-1996-424B3"/> it manufactured tillage equipment and loaders under the Glenco, Tye and Farmhand brands. In 1996, acquisitions went international with the purchase of [[Iochpe-Maxion]] in [[Brazil]].<ref name="AGCO-Jul-1996-S-4/A"/> It was the Brazilian company which had rights to the Massey Ferguson brand and manufacturing in the region, as well as the ''Maxion'' brand of industrial equipment. In the same year AGCO purchased Deutz Argentina, the number one leader of tractors in Argentina.<ref name="AGCO-Jan-1997-S-3"/> Also in 1996, AGCO purchased Western Combine Corporation and Portage Manufacturing in Canada.<ref name="Agco-Feb-1997-8-K">{{cite web|url=http://edgar.secdatabase.com/595/95014497001908/filing-main.htm |title=Agco, Form 8-K, Current Report, Filing Date Feb 28, 1997 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> Western Combine had previously purchased the assets of the Massey Combine Corporation's combine operation, which had been spun off by Massey Ferguson.
In 1995 AgEquipment Group was bought;<ref name="AGCO-Jul-1996-424B3"/> it manufactured tillage equipment and loaders under the Glenco, Tye and Farmhand brands. In 1996, acquisitions went international with the purchase of [[Iochpe-Maxion]] in [[Brazil]].<ref name="AGCO-Jul-1996-S-4/A"/> It was the Brazilian company which had rights to the Massey Ferguson brand and manufacturing in the region, as well as the ''Maxion'' brand of industrial equipment. In the same year AGCO purchased Deutz Argentina, the number one leader of tractors in Argentina.<ref name="AGCO-Jan-1997-S-3"/> Also in 1996, AGCO purchased Western Combine Corporation and Portage Manufacturing in Canada.<ref name="Agco-Feb-1997-8-K">{{cite web |url=http://edgar.secdatabase.com/595/95014497001908/filing-main.htm |title=Agco, Form 8-K, Current Report, Filing Date Feb 28, 1997 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304034907/http://edgar.secdatabase.com/595/95014497001908/filing-main.htm |url-status=live }}</ref> Western Combine had previously purchased the assets of the Massey Combine Corporation's combine operation, which had been spun off by Massey Ferguson.


===1997–2005: Major acquisitions and growth===
===1997–2005: Major acquisitions and growth===
[[File:Traktor Fendt 930 Vario.JPG|thumb|[[Fendt]] 930 Vario tractor, in 2009]]
[[File:Traktor Fendt 930 Vario.JPG|thumb|[[Fendt]] 930 Vario tractor, in 2009]]
In 1997 the company purchased [[Fendt]] which is based in [[Germany]], the German tractor company.<ref name="Agco-Feb-1997-S-3/A">{{cite web|url=http://edgar.secdatabase.com/2636/95014497000950/filing-main.htm |title=Agco, Form S-3/A, Filing Date Feb 7, 1997 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> Fendt is well known for its advanced technology and superior manufacturing quality. The acquisition of Fendt was contingent on three conditions; 1) The Fendt name would be retained, 2) The factory in [[Marktoberdorf]] would continue to operate, and 3) a fair price would be paid for the company. Also in 1997, AGCO acquired Dronningborg Industries in [[Denmark]], the manufacturer of European Massey Ferguson combines, and former manufacturer of Dronningborg combines.<ref name="Agco-Mar-1998-10-K">{{cite web|url=http://edgar.secdatabase.com/749/95014498003728/filing-main.htm |title=Agco, Form 10-K, Annual Report, Filing Date Mar 31, 1998 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref>
In 1997 the company purchased [[Fendt]] which is based in [[Germany]], the German tractor company.<ref name="Agco-Feb-1997-S-3/A">{{cite web |url=http://edgar.secdatabase.com/2636/95014497000950/filing-main.htm |title=Agco, Form S-3/A, Filing Date Feb 7, 1997 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304083330/http://edgar.secdatabase.com/2636/95014497000950/filing-main.htm |url-status=live }}</ref> Fendt is well known for its advanced technology and superior manufacturing quality. The acquisition of Fendt was contingent on three conditions; 1) The Fendt name would be retained, 2) The factory in [[Marktoberdorf]] would continue to operate, and 3) a fair price would be paid for the company. Also in 1997, AGCO acquired Dronningborg Industries in [[Denmark]], the manufacturer of European Massey Ferguson combines, and former manufacturer of Dronningborg combines.<ref name="Agco-Mar-1998-10-K">{{cite web |url=http://edgar.secdatabase.com/749/95014498003728/filing-main.htm |title=Agco, Form 10-K, Annual Report, Filing Date Mar 31, 1998 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304030121/http://edgar.secdatabase.com/749/95014498003728/filing-main.htm |url-status=live }}</ref>


In 1998, AGCO made a joint venture with Deutz AG to produce engines in [[Argentina]],<ref>{{cite web|url=http://pesadosargentinos.blogspot.com.ar/2012/11/agco.html|title=Pesados Argentinos: AGCO|first=Esteban|last=Dl|date=19 January 2014|website=pesadosargentinos.blogspot.com.ar}}</ref> and purchased the Spra-Coupe and Willmar companies.<ref name="Agco-Mar-1999-10-K">{{cite web|url=http://edgar.secdatabase.com/2006/95014499003652/filing-main.htm |title=Agco, Form 10-K, Annual Report, Filing Date Mar 31, 1999 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> Spra-Coupe and Willmar are [[sprayer]] companies in [[North America]]. SpraCoupe originated in [[Bismarck, North Dakota]]. After being purchased by AGCO, the manufacturing of SpraCoupes was moved to [[Willmar, Minnesota]] where the Willmar branded fertilizer tenders and "Wrangler" articulated loaders were being manufactured. SpraCoupe and Willmar products were manufactured in Willmar from 1998 to 2001.
In 1998, AGCO made a joint venture with Deutz AG to produce engines in [[Argentina]],<ref>{{cite web|url=http://pesadosargentinos.blogspot.com.ar/2012/11/agco.html|title=Pesados Argentinos: AGCO|first=Esteban|last=Dl|date=19 January 2014|website=pesadosargentinos.blogspot.com.ar|access-date=16 December 2017|archive-date=22 December 2017|archive-url=https://web.archive.org/web/20171222050849/http://pesadosargentinos.blogspot.com.ar/2012/11/agco.html|url-status=live}}</ref> and purchased the Spra-Coupe and Willmar companies.<ref name="Agco-Mar-1999-10-K">{{cite web |url=http://edgar.secdatabase.com/2006/95014499003652/filing-main.htm |title=Agco, Form 10-K, Annual Report, Filing Date Mar 31, 1999 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304031655/http://edgar.secdatabase.com/2006/95014499003652/filing-main.htm |url-status=live }}</ref> Spra-Coupe and Willmar are [[sprayer]] companies in [[North America]]. SpraCoupe originated in [[Bismarck, North Dakota]]. After being purchased by AGCO, the manufacturing of SpraCoupes was moved to [[Willmar, Minnesota]] where the Willmar branded fertilizer tenders and "Wrangler" articulated loaders were being manufactured. SpraCoupe and Willmar products were manufactured in Willmar from 1998 to 2001.


In the year 2000, AGCO bought out its partner [[CNH Global|CNH Global N.V.]] in the Hay and Forage Industries joint venture.<ref name="Agco-Mar-2000-10-K">{{cite web|url=http://edgar.secdatabase.com/2160/95014400003817/filing-main.htm |title=Agco, Form 10-K, Annual Report, Filing Date Mar 28, 2000 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref>
In the year 2000, AGCO bought out its partner [[CNH Global|CNH Global N.V.]] in the Hay and Forage Industries joint venture.<ref name="Agco-Mar-2000-10-K">{{cite web|url=http://edgar.secdatabase.com/2160/95014400003817/filing-main.htm |title=Agco, Form 10-K, Annual Report, Filing Date Mar 28, 2000 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref>


In 2001, AGCO purchased [[Ag-Chem Equipment]], expanding its application equipment business.<ref name="Agco-Apr-2001-10-K405">{{cite web|url=http://edgar.secdatabase.com/1272/95014401004595/filing-main.htm |title=Agco, Form 10-K405, Filing Date Apr 2, 2001 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> Ag-Chem Equipment was based in [[Jackson, Minnesota]] and developed the TerraGator flotation-type and RoGator rowcrop-type applicators. Also in 2001 the SpraCoupe and Willmar brands moved their manufacturing from Willmar, Minnesota to the Jackson facility and the ''Agco-Allis'' and ''White'' tractor lines were merged in North America under the ''AGCO'' brand, continuing in the orange color.
In 2001, AGCO purchased [[Ag-Chem Equipment]], expanding its application equipment business.<ref name="Agco-Apr-2001-10-K405">{{cite web |url=http://edgar.secdatabase.com/1272/95014401004595/filing-main.htm |title=Agco, Form 10-K405, Filing Date Apr 2, 2001 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304073009/http://edgar.secdatabase.com/1272/95014401004595/filing-main.htm |url-status=live }}</ref> Ag-Chem Equipment was based in [[Jackson, Minnesota]] and developed the TerraGator flotation-type and RoGator rowcrop-type applicators. Also in 2001 the SpraCoupe and Willmar brands moved their manufacturing from Willmar, Minnesota to the Jackson facility and the ''Agco-Allis'' and ''White'' tractor lines were merged in North America under the ''AGCO'' brand, continuing in the orange color.


In 2002 AGCO purchased rights to the Challenger name and the tracked tractors from the [[Caterpillar Inc.|Caterpillar]] Corporation,<ref name="Agco-Mar-2002-10-K405">{{cite web|url=http://edgar.secdatabase.com/1134/95014402003124/filing-main.htm |title=Agco, Form 10-K405, Filing Date Mar 29, 2002 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> giving the firm a well-known brand name and high-power tracked tractors. The firm further developed the Challenger line into: wheeled tractors, using tractors manufactured by [[Iseki]], [[Agritalia]], the Massey Ferguson factory and the Brazilian Valtra factory; combines, rebranding some Massey Ferguson/Gleaner -built combines; and hay equipment, using Hesston-built hay equipment. AGCO also purchased the Sunflower Manufacturing Company in [[Beloit, Kansas]] which manufactures tillage, seeding, and specialty harvesting equipment.<ref name="Agco-Nov-2002-10-Q">{{cite web|url=http://edgar.secdatabase.com/787/95014402011774/filing-main.htm |title=Agco, Form 10-Q, Quarterly Report, Filing Date Nov 14, 2002 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref>
In 2002 AGCO purchased rights to the Challenger name and the tracked tractors from the [[Caterpillar Inc.|Caterpillar]] Corporation,<ref name="Agco-Mar-2002-10-K405">{{cite web |url=http://edgar.secdatabase.com/1134/95014402003124/filing-main.htm |title=Agco, Form 10-K405, Filing Date Mar 29, 2002 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304030042/http://edgar.secdatabase.com/1134/95014402003124/filing-main.htm |url-status=live }}</ref> giving the firm a well-known brand name and high-power tracked tractors. The firm further developed the Challenger line into: wheeled tractors, using tractors manufactured by [[Iseki]], [[Agritalia]], the Massey Ferguson factory and the Brazilian Valtra factory; combines, rebranding some Massey Ferguson/Gleaner -built combines; and hay equipment, using Hesston-built hay equipment. AGCO also purchased the Sunflower Manufacturing Company in [[Beloit, Kansas]] which manufactures tillage, seeding, and specialty harvesting equipment.<ref name="Agco-Nov-2002-10-Q">{{cite web |url=http://edgar.secdatabase.com/787/95014402011774/filing-main.htm |title=Agco, Form 10-Q, Quarterly Report, Filing Date Nov 14, 2002 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304043306/http://edgar.secdatabase.com/787/95014402011774/filing-main.htm |url-status=live }}</ref>


In 2004 AGCO purchased the Valtra tractor company from the [[Kone]] Group, in [[Finland]]. [[Valtra]] had licensing agreements with the [[Eicher Motors|Eicher]] company in [[India]] for tractor production, and also with the HEMA group in [[Turkey]]. The purchase of Valtra also included SISU Diesel engines. Since 2012 this Finland based diesel engine manufacturer with production for example in Brazil<ref name="Agco-Dec-2003-8-K">{{cite web|url=http://edgar.secdatabase.com/1046/95014403013699/filing-main.htm |title=Agco, Form 8-K, Current Report, Filing Date Dec 16, 2003 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref><ref name="Agco-Jan-2004-8-K">{{cite web|url=http://edgar.secdatabase.com/817/95014404000141/filing-main.htm |title=Agco, Form 8-K, Current Report, Filing Date Jan 8, 2004 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref> has operated with name [[AGCO Power]].<ref>{{Cite web|title=2010's – Era of AGCO Power|url=https://www.agcopower.com/company/history/year2010s/|access-date=2021-07-13|website=Agcopower|language=en-US}}</ref>
In 2004 AGCO purchased the Valtra tractor company from the [[Kone]] Group, in [[Finland]]. [[Valtra]] had licensing agreements with the [[Eicher Motors|Eicher]] company in [[India]] for tractor production, and also with the HEMA group in [[Turkey]]. The purchase of Valtra also included SISU Diesel engines. Since 2012 this Finland based diesel engine manufacturer with production for example in Brazil<ref name="Agco-Dec-2003-8-K">{{cite web |url=http://edgar.secdatabase.com/1046/95014403013699/filing-main.htm |title=Agco, Form 8-K, Current Report, Filing Date Dec 16, 2003 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304032219/http://edgar.secdatabase.com/1046/95014403013699/filing-main.htm |url-status=live }}</ref><ref name="Agco-Jan-2004-8-K">{{cite web |url=http://edgar.secdatabase.com/817/95014404000141/filing-main.htm |title=Agco, Form 8-K, Current Report, Filing Date Jan 8, 2004 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304030028/http://edgar.secdatabase.com/817/95014404000141/filing-main.htm |url-status=live }}</ref> has operated with name [[AGCO Power]].<ref>{{Cite web|title=2010's – Era of AGCO Power|url=https://www.agcopower.com/company/history/year2010s/|access-date=2021-07-13|website=Agcopower|language=en-US|archive-date=2021-07-13|archive-url=https://web.archive.org/web/20210713123832/https://www.agcopower.com/company/history/year2010s/|url-status=live}}</ref>


===2006–2020: Martin Richenhagen era===
===2006–2020: Martin Richenhagen era===
[[File:Trattore Valtra.jpg|thumb|[[Valtra]] T170 tractor, in 2008]]
[[File:Trattore Valtra.jpg|thumb|[[Valtra]] T170 tractor, in 2008]]
2006 saw a re-focusing of the various brands and subsidiaries, and the reduction of individual brands. AGCO announced plans to combine some, and make some only part of a larger brand, or co-branding. Examples include the Massey Ferguson 9635 Hesston self-propelled swather, and the AGCO 9365 Hesston self-propelled swather. Challenger has seen further expansion with the further consolidation of the AgChem brand into Challenger, and the introduction of [[Agritalia]] built tractors and an articulated Challenger tractor. In August of 2006, AGCO saw its first change in the position of chairman since its founding with the selection of Martin Richenhagen to succeed Robert Ratliff.<ref>{{Cite web |last=AGCO |title=AGCO Corporation Chairman Robert J. Ratliff Retires; Board Names Martin Richenhagen New Chairman |url=https://news.agcocorp.com/news/agco-corporation-chairman-robert-j-ratliff-retires;-board-names-martin-richenhagen-new-chairman |access-date=2022-06-25 |website=AGCO |language=en-us}}</ref>
2006 saw a re-focusing of the various brands and subsidiaries, and the reduction of individual brands. AGCO announced plans to combine some, and make some only part of a larger brand, or co-branding. Examples include the Massey Ferguson 9635 Hesston self-propelled swather, and the AGCO 9365 Hesston self-propelled swather. Challenger has seen further expansion with the further consolidation of the AgChem brand into Challenger, and the introduction of [[Agritalia]] built tractors and an articulated Challenger tractor. In August 2006, AGCO saw its first change in the position of chairman since its founding with the selection of Martin Richenhagen to succeed Robert Ratliff.<ref>{{Cite web |last=AGCO |title=AGCO Corporation Chairman Robert J. Ratliff Retires; Board Names Martin Richenhagen New Chairman |url=https://news.agcocorp.com/news/agco-corporation-chairman-robert-j-ratliff-retires;-board-names-martin-richenhagen-new-chairman |access-date=2022-06-25 |website=AGCO |language=en-us |archive-date=2022-06-25 |archive-url=https://web.archive.org/web/20220625014419/https://news.agcocorp.com/news/agco-corporation-chairman-robert-j-ratliff-retires;-board-names-martin-richenhagen-new-chairman |url-status=live }}</ref>


In 2007, AGCO bought 50% of [[Laverda (harvesters)|Laverda S.p.A.]] from [[ARGO SpA]], which included the Gallagnani and [[Fella-Werke]] hay equipment brands.<ref name="Agco-Oct-2007-8-K">{{cite web|url=http://pdf.secdatabase.com/2358/0000950144-07-009679.pdf |title=Agco, Form 8-K, Current Report, Filing Date Oct 30, 2007 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref><ref>{{cite web|url=http://farmindustrynews.com/farm-equipment/agcos_italian_buy/|title=AGCO – Italian deal|website=farmindustrynews.com|access-date=2009-12-03|archive-url=https://web.archive.org/web/20100727083623/http://farmindustrynews.com/farm-equipment/agcos_italian_buy/|archive-date=2010-07-27|url-status = dead}}</ref>
In 2007, AGCO bought 50% of [[Laverda (harvesters)|Laverda S.p.A.]] from [[ARGO SpA]], which included the Gallagnani and [[Fella-Werke]] hay equipment brands.<ref name="Agco-Oct-2007-8-K">{{cite web |url=http://pdf.secdatabase.com/2358/0000950144-07-009679.pdf |title=Agco, Form 8-K, Current Report, Filing Date Oct 30, 2007 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304084100/http://pdf.secdatabase.com/2358/0000950144-07-009679.pdf |url-status=live }}</ref><ref>{{cite web|url=http://farmindustrynews.com/farm-equipment/agcos_italian_buy/|title=AGCO – Italian deal|website=farmindustrynews.com|access-date=2009-12-03|archive-url=https://web.archive.org/web/20100727083623/http://farmindustrynews.com/farm-equipment/agcos_italian_buy/|archive-date=2010-07-27|url-status = dead}}</ref>


In 2008/2009 AGCO, the Challenger, Valtra, and Massey Ferguson large row crop tractors were launched in Europe and North America respectively with AGCO's e3 Selective Catalytic Reduction (SCR) emission reduction technology.<ref>{{cite web|url=http://www.agcocorp.com/e3|title=AGCO Power|website=AGCO Power}}</ref>
In 2008/2009 AGCO, the Challenger, Valtra, and Massey Ferguson large row crop tractors were launched in Europe and North America respectively with AGCO's e3 Selective Catalytic Reduction (SCR) emission reduction technology.<ref>{{cite web|url=http://www.agcocorp.com/e3|title=AGCO Power|website=AGCO Power}}</ref>
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Late in 2009, the firm announced that it would phase out orange AGCO tractors by 2011.<ref>{{cite web|url=http://www.agriculture.com/ag/story.jhtml?storyid=/templatedata/ag/story/data/1258465923091.xml|title=AGCO Tractor color phase out|website=agriculture.com|access-date=2018-09-28|archive-url=https://web.archive.org/web/20100525094136/http://www.agriculture.com/ag/story.jhtml?storyid=%2Ftemplatedata%2Fag%2Fstory%2Fdata%2F1258465923091.xml|archive-date=2010-05-25|url-status = dead}}</ref>
Late in 2009, the firm announced that it would phase out orange AGCO tractors by 2011.<ref>{{cite web|url=http://www.agriculture.com/ag/story.jhtml?storyid=/templatedata/ag/story/data/1258465923091.xml|title=AGCO Tractor color phase out|website=agriculture.com|access-date=2018-09-28|archive-url=https://web.archive.org/web/20100525094136/http://www.agriculture.com/ag/story.jhtml?storyid=%2Ftemplatedata%2Fag%2Fstory%2Fdata%2F1258465923091.xml|archive-date=2010-05-25|url-status = dead}}</ref>


In late 2010, the firm announced the plan to acquire the remaining 50% of Laverda, which included [[Fella-Werke]] as well. The acquisition was finalized in March 2011.<ref name="Agco-Nov-2010-8-K">{{cite web|url=http://pdf.secdatabase.com/2418/0000950123-10-099942.pdf |title=Agco, Form 8-K, Current Report, Filing Date Nov 3, 2010 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref><ref name="Agco-May-2011-10-Q">{{cite web|url=http://pdf.secdatabase.com/966/0000950123-11-046174.pdf |title=Agco, Form 10-Q, Quarterly Report, Filing Date May 6, 2011 |publisher=secdatabase.com |access-date =Jan 1, 2013}}</ref><ref>[http://www.cpm-magazine.co.uk/agco-buys-remaining-share-laverda-a-196.html?osCsid=aa8f662e1ebc730d16b4564f8aa2c0e2 AGCO – Laverda] {{webarchive|url=https://web.archive.org/web/20120321022324/http://www.cpm-magazine.co.uk/agco-buys-remaining-share-laverda-a-196.html?osCsid=aa8f662e1ebc730d16b4564f8aa2c0e2 |date=2012-03-21 }}</ref>
In late 2010, the firm announced the plan to acquire the remaining 50% of Laverda, which included [[Fella-Werke]] as well. The acquisition was finalized in March 2011.<ref name="Agco-Nov-2010-8-K">{{cite web |url=http://pdf.secdatabase.com/2418/0000950123-10-099942.pdf |title=Agco, Form 8-K, Current Report, Filing Date Nov 3, 2010 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304040840/http://pdf.secdatabase.com/2418/0000950123-10-099942.pdf |url-status=live }}</ref><ref name="Agco-May-2011-10-Q">{{cite web |url=http://pdf.secdatabase.com/966/0000950123-11-046174.pdf |title=Agco, Form 10-Q, Quarterly Report, Filing Date May 6, 2011 |publisher=secdatabase.com |access-date=Jan 1, 2013 |archive-date=March 4, 2016 |archive-url=https://web.archive.org/web/20160304031857/http://pdf.secdatabase.com/966/0000950123-11-046174.pdf |url-status=live }}</ref><ref>[http://www.cpm-magazine.co.uk/agco-buys-remaining-share-laverda-a-196.html?osCsid=aa8f662e1ebc730d16b4564f8aa2c0e2 AGCO – Laverda] {{webarchive|url=https://web.archive.org/web/20120321022324/http://www.cpm-magazine.co.uk/agco-buys-remaining-share-laverda-a-196.html?osCsid=aa8f662e1ebc730d16b4564f8aa2c0e2 |date=2012-03-21 }}</ref>


In 2011, the firm plans to transfer its assembly of high-horsepower wheeled tractors sold in North America from [[Beauvais, France]] to [[Jackson, Minnesota]], where it will expand the plant by {{convert|75,000|sqft|m2}}.<ref>{{cite web|url=http://www.kansas.com/2011/01/28/1696029/agco-plans-investment-in-us-plants.html|title=Agco plans investment in U.S. plants, including Hesston|website=kansas.com|access-date=2011-01-30|archive-url=https://web.archive.org/web/20120319153635/http://www.kansas.com/2011/01/28/1696029/agco-plans-investment-in-us-plants.html|archive-date=2012-03-19|url-status=dead}}</ref> The expansion was completed in 2012.<ref>{{Cite web |last=AGCO |title=AGCO Intivity Center and Manufacturing Expansion Officially Open |url=https://news.agcocorp.com/news/agco-intivity-center-and-manufacturing-expansion-officially-open |access-date=2022-06-19 |website=AGCO |language=en-us}}</ref>
In 2011, the firm plans to transfer its assembly of high-horsepower wheeled tractors sold in North America from [[Beauvais, France]] to [[Jackson, Minnesota]], where it will expand the plant by {{convert|75,000|sqft|m2}}.<ref>{{cite web|url=http://www.kansas.com/2011/01/28/1696029/agco-plans-investment-in-us-plants.html|title=Agco plans investment in U.S. plants, including Hesston|website=kansas.com|access-date=2011-01-30|archive-url=https://web.archive.org/web/20120319153635/http://www.kansas.com/2011/01/28/1696029/agco-plans-investment-in-us-plants.html|archive-date=2012-03-19|url-status=dead}}</ref> The expansion was completed in 2012.<ref>{{Cite web |last=AGCO |title=AGCO Intivity Center and Manufacturing Expansion Officially Open |url=https://news.agcocorp.com/news/agco-intivity-center-and-manufacturing-expansion-officially-open |access-date=2022-06-19 |website=AGCO |language=en-us |archive-date=2022-05-23 |archive-url=https://web.archive.org/web/20220523165012/https://news.agcocorp.com/news/agco-intivity-center-and-manufacturing-expansion-officially-open |url-status=live }}</ref>


In 2011, the firm said that it will invest $40 million in its [[Hesston, Kansas]] plant with a new {{convert|200,000|sqft|m2|adj=on}} painting and finishing building. Construction began June 2011 and was completed in 2013.<ref>{{cite web|url=http://www.kansas.com/2011/06/10/1884963/agco-to-invest-40-million-in-hesston.html|title=Agco to expand plant in Hesston|website=kansas.com|access-date=2011-06-10|archive-url=https://web.archive.org/web/20110614134406/http://www.kansas.com/2011/06/10/1884963/agco-to-invest-40-million-in-hesston.html|archive-date=2011-06-14|url-status=dead}}</ref><ref>{{cite web|url=http://investors.agcocorp.com/phoenix.zhtml?c=108419&p=irol-newsArticle&id=1848798|title=AGCO - Investor Relations - News|website=investors.agcocorp.com|access-date=2013-09-23|archive-url=https://web.archive.org/web/20170507032306/http://investors.agcocorp.com/phoenix.zhtml?c=108419&p=irol-newsArticle&ID=1848798|archive-date=2017-05-07|url-status=dead}}</ref><ref>{{cite web|url=http://www.thekansan.com/article/20130816/NEWS/130819484/0/SEARCH|title=Investment|first=Chad Frey Newton|last=Kansan|website=thekansan.com}}</ref>
In 2011, the firm said that it will invest $40 million in its [[Hesston, Kansas]] plant with a new {{convert|200,000|sqft|m2|adj=on}} painting and finishing building. Construction began June 2011 and was completed in 2013.<ref>{{cite web|url=http://www.kansas.com/2011/06/10/1884963/agco-to-invest-40-million-in-hesston.html|title=Agco to expand plant in Hesston|website=kansas.com|access-date=2011-06-10|archive-url=https://web.archive.org/web/20110614134406/http://www.kansas.com/2011/06/10/1884963/agco-to-invest-40-million-in-hesston.html|archive-date=2011-06-14|url-status=dead}}</ref><ref>{{cite web|url=http://investors.agcocorp.com/phoenix.zhtml?c=108419&p=irol-newsArticle&id=1848798|title=AGCO - Investor Relations - News|website=investors.agcocorp.com|access-date=2013-09-23|archive-url=https://web.archive.org/web/20170507032306/http://investors.agcocorp.com/phoenix.zhtml?c=108419&p=irol-newsArticle&ID=1848798|archive-date=2017-05-07|url-status=dead}}</ref><ref>{{cite web|url=http://www.thekansan.com/article/20130816/NEWS/130819484/0/SEARCH|title=Investment|first=Chad Frey Newton|last=Kansan|website=thekansan.com|access-date=2014-01-07|archive-date=2014-01-07|archive-url=https://web.archive.org/web/20140107060429/http://www.thekansan.com/article/20130816/NEWS/130819484/0/SEARCH|url-status=dead}}</ref>


In October 2011, AGCO purchased GSI, based in [[Assumption, Illinois]], a manufacturer of grain storage and handling equipment.<ref name="History of AGCO"/>
In October 2011, AGCO purchased GSI, based in [[Assumption, Illinois]], a manufacturer of grain storage and handling equipment.<ref name="History of AGCO"/>
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In 2012. AGCO acquired 60% of Santal Equipamentos, a sugar cane planting and harvesting equipment. It also purchased 80% of Shandong Dafeng Machinery Co, a combine harvester manufacturer in China. AGCO formed the [[Algerian Tractors Company]] joint venture with the Algerian brand [[Etrag]] with 49% ownership.
In 2012. AGCO acquired 60% of Santal Equipamentos, a sugar cane planting and harvesting equipment. It also purchased 80% of Shandong Dafeng Machinery Co, a combine harvester manufacturer in China. AGCO formed the [[Algerian Tractors Company]] joint venture with the Algerian brand [[Etrag]] with 49% ownership.


In 2013, GSI acquired Johnson System, based in [[Marshall, Michigan]], a manufacturer of catwalks and towers.<ref>GSI aims to be ‘local’ supplier across the globe, World-Grain; https://www.world-grain.com/articles/5267-gsi-aims-to-be-local-supplier-across-the-globe</ref> In 2013, AGCO started Fuse Technologies, a smart farming technology division.<ref>{{cite web|url=https://www.fusesmartfarming.com/about-fuse-smart-farming-solutions/|title=Caring About the Future of Farming|date=14 November 2019|website=fusesmartfarming.com/}}</ref>
In 2013, GSI acquired Johnson System, based in [[Marshall, Michigan]], a manufacturer of catwalks and towers.<ref>GSI aims to be ‘local’ supplier across the globe, World-Grain; https://www.world-grain.com/articles/5267-gsi-aims-to-be-local-supplier-across-the-globe {{Webarchive|url=https://web.archive.org/web/20190926154756/https://www.world-grain.com/articles/5267-gsi-aims-to-be-local-supplier-across-the-globe |date=2019-09-26 }}</ref> In 2013, AGCO started Fuse Technologies, a smart farming technology division.<ref>{{cite web|url=https://www.fusesmartfarming.com/about-fuse-smart-farming-solutions/|title=Caring About the Future of Farming|date=14 November 2019|website=fusesmartfarming.com/|access-date=14 November 2019|archive-date=11 August 2019|archive-url=https://web.archive.org/web/20190811125431/https://www.fusesmartfarming.com/about-fuse-smart-farming-solutions/|url-status=dead}}</ref>


In 2017, AGCO acquired Precision Planting, based in [[Tremont, Illinois]], a planting equipment and technology business.<ref>{{cite web|url=http://www.farmindustrynews.com/business/precision-planting-sold-agco|title=Precision Planting sold to Agco|date=26 July 2017|website=farmindustrynews.com}}</ref>
In 2017, AGCO acquired Precision Planting, based in [[Tremont, Illinois]], a planting equipment and technology business.<ref name="2017-07-26-farmIndNews">{{cite web |url=http://www.farmindustrynews.com/business/precision-planting-sold-agco |title=Precision Planting sold to Agco |date=26 July 2017 |website=farmindustrynews.com
|archive-url=https://web.archive.org/web/20170726233441/http://www.farmindustrynews.com/business/precision-planting-sold-agco |archive-date=2017-07-26 |url-status=dead}}
</ref>


In 2017, AGCO acquired the forage machinery line from Lely, including balers, loading wagons, mowers, tedders, rakes, and the rights to the entire portfolio of the defunct Mengele Agrartechnik. This included factories in Wolfenbuettel (D) and Waldstetten (D). The factory in Maassluis (NL) will be closed in 2018.
In 2017, AGCO acquired the forage machinery line from Lely, including balers, loading wagons, mowers, tedders, rakes, and the rights to the entire portfolio of the defunct Mengele Agrartechnik. This included factories in Wolfenbuettel (D) and Waldstetten (D). The factory in Maassluis (NL) will be closed in 2018.


In September 2020, AGCO acquired 151 Research Inc., a [[Winnipeg]], Manitoba based company that specializes in grain storage research and development.<ref>{{Cite web |last=Posted |first=Martin Cash |title=Sep 2020: AGCO acquires 151 Research Inc., a Winnipeg grain storage research and development firm |url=https://www.winnipegfreepress.com/business/2020/09/30/us-giant-buys-locally-grown-company |access-date=2023-03-01 |website=Winnipeg Free Press |language=en-US}}</ref>
In September 2020, AGCO acquired 151 Research Inc., a [[Winnipeg]], Manitoba based company that specializes in grain storage research and development.<ref>{{Cite news |last=Cash |first=Martin |title=Sep 2020: AGCO acquires 151 Research Inc., a Winnipeg grain storage research and development firm |url=https://www.winnipegfreepress.com/business/2020/09/30/us-giant-buys-locally-grown-company |access-date=2023-03-01 |newspaper=[[Winnipeg Free Press]] |date=30 September 2020 |language=en-US |archive-date=2023-03-01 |archive-url=https://web.archive.org/web/20230301011505/https://www.winnipegfreepress.com/business/2020/09/30/us-giant-buys-locally-grown-company |url-status=live }}</ref>


===2021–present: Eric Hansotia era===
===2021–present: Eric Hansotia era===
⚫
In 2021, AGCO named Eric Hansotia its third chairman, succeeding Richenhagen, who retired after approximately 15 years as head of the company.<ref>{{cite web |title=CEO of agriculture equipment giant AGCO retiring |url=https://www.bizjournals.com/atlanta/news/2020/08/21/ceo-of-agriculture-equipment-giant-agco-retiring.html |publisher=[[Atlanta Business Chronicle]] |archive-url=https://web.archive.org/web/20200925213029/https://www.bizjournals.com/atlanta/news/2020/08/21/ceo-of-agriculture-equipment-giant-agco-retiring.html |archive-date=September 25, 2020 |date=Aug 21, 2020 |url-status=live}}</ref> Hansotia has been working for AGCO since 2013 and became its [[chief operating officer]] in October 2018.<ref>{{cite web |title=AGCO names new COO |url=https://www.bizjournals.com/atlanta/news/2018/10/26/agco-names-new.html |publisher=[[Atlanta Business Chronicle]] |date=October 26, 2018 |url-status=live |access-date=May 1, 2023 |archive-date=November 8, 2024 |archive-url=https://web.archive.org/web/20241108202926/https://www.bizjournals.com/atlanta/news/2018/10/26/agco-names-new.html }}</ref> In 2021, the company navigated supply chain disruptions driven by the [[COVID-19 pandemic]].<ref>{{cite news |last1=Singh |first1=Rajesh Kumar |title='Our factories are hungry' - U.S. farm machinery maker faces dearth of components |url=https://www.reuters.com/article/us-agco-supplychain-idUSKBN2C6170 |access-date=7 November 2022 |work=Reuters |date=19 April 2021 |language=en |archive-date=7 November 2022 |archive-url=https://web.archive.org/web/20221107235418/https://www.reuters.com/article/us-agco-supplychain-idUSKBN2C6170 |url-status=live }}</ref> AGCO acquired North Dakota-based technology company Appareo Systems in January 2022.<ref>{{cite news |last1=Pates |first1=Mikkel |title=AGCO to acquire North Dakota's Appareo |url=https://www.agweek.com/business/agco-to-acquire-north-dakotas-appareo |access-date=7 November 2022 |work=Agweek |date=22 December 2021 |language=en |archive-date=7 November 2022 |archive-url=https://web.archive.org/web/20221107235419/https://www.agweek.com/business/agco-to-acquire-north-dakotas-appareo |url-status=live }}</ref>


In August 2021, Precision Planting acquired Headsight, a [[Bremen, Indiana]] company specializing in precision agriculture harvesting solutions.<ref>{{Cite web |title=Precision Planting Agrees To Acquire Headsight Business |url=https://www.farm-equipment.com/articles/19539-precision-planting-agrees-to-acquire-headsight-business |access-date=2023-02-28 |website=www.farm-equipment.com |language=en |archive-date=2023-02-28 |archive-url=https://web.archive.org/web/20230228025658/https://www.farm-equipment.com/articles/19539-precision-planting-agrees-to-acquire-headsight-business |url-status=live }}</ref><ref>{{Cite web |date=2021-08-10 |title=Precision Planting Agrees To Acquire Headsight Business |url=https://www.agweb.com/news/business/technology/precision-planting-agrees-acquire-headsight-business |access-date=2023-02-28 |website=AgWeb |language=en |archive-date=2023-02-28 |archive-url=https://web.archive.org/web/20230228025652/https://www.agweb.com/news/business/technology/precision-planting-agrees-acquire-headsight-business |url-status=live }}</ref>
⚫
On January 1, 2021, AGCO transitioned to its third chairman in its history with the selection of Eric Hansotia to succeed the retiring Martin Richenhagen after a near 15-year tenure as head of the company.<ref>{{cite news |last1=Allison |first1=David |title=CEO of agriculture equipment giant AGCO retiring |url=https://www.bizjournals.com/atlanta/news/2020/08/21/ceo-of-agriculture-equipment-giant-agco-retiring.html |access-date=7 November 2022 |work=Atlanta Business Chronicle |date=21 August 2020}}</ref> Hansotia has been working for AGCO since 2013 and had become COO of the company in October 2018.<ref>{{cite news |last1=Meltzer |first1=Mark |title=Farm equipment maker AGCO names Eric Hansotia COO |url=https://www.bizjournals.com/atlanta/news/2018/10/26/agco-names-new.html |access-date=7 November 2022 |work=Atlanta Business Chronicle |date=26 October 2018 |language=en-us}}</ref> In 2021, the company navigated supply chain disruptions driven by the [[COVID-19 pandemic]].<ref>{{cite news |last1=Singh |first1=Rajesh Kumar |title='Our factories are hungry' - U.S. farm machinery maker faces dearth of components |url=https://www.reuters.com/article/us-agco-supplychain-idUSKBN2C6170 |access-date=7 November 2022 |work=Reuters |date=19 April 2021 |language=en}}</ref> AGCO acquired North Dakota-based technology company Appareo Systems in January 2022.<ref>{{cite news |last1=Pates |first1=Mikkel |title=AGCO to acquire North Dakota’s Appareo |url=https://www.agweek.com/business/agco-to-acquire-north-dakotas-appareo |access-date=7 November 2022 |work=Agweek |date=22 December 2021 |language=en}}</ref>


In August 2021, Precision Planting acquired Headsight, a [[Bremen, Indiana]] company specializing in precision agriculture harvesting solutions.<ref>{{Cite web |title=Precision Planting Agrees To Acquire Headsight Business |url=https://www.farm-equipment.com/articles/19539-precision-planting-agrees-to-acquire-headsight-business |access-date=2023-02-28 |website=www.farm-equipment.com |language=en}}</ref><ref>{{Cite web |date=2021-08-10 |title=Precision Planting Agrees To Acquire Headsight Business |url=https://www.agweb.com/news/business/technology/precision-planting-agrees-acquire-headsight-business |access-date=2023-02-28 |website=AgWeb |language=en}}</ref>
In September 2021, AGCO acquired Faromatics (Farm Robotics and Automation), a precision livestock farming business.<ref>{{Cite web|last=MarketScreener|title=AGCO : Acquires Faromatics, a Precision Livestock Farming Company {{!}} MarketScreener|url=https://www.marketscreener.com/quote/stock/AGCO-CORPORATION-11558/news/AGCO-Acquires-Faromatics-a-Precision-Livestock-Farming-Company-36397550/|access-date=2021-09-29|website=www.marketscreener.com|date=10 September 2021|language=en|archive-date=2021-09-29|archive-url=https://web.archive.org/web/20210929210318/https://www.marketscreener.com/quote/stock/AGCO-CORPORATION-11558/news/AGCO-Acquires-Faromatics-a-Precision-Livestock-Farming-Company-36397550/|url-status=live}}</ref>


In December 2021, Precision Planting announced an agreement to acquire Creative Sites Media, a software and app development company.<ref>{{Cite web|last=MarketScreener|title=Precision Planting's Acquisition of Software Company to Improve Operations, Products|url=https://www.farm-equipment.com/articles/19871-precision-plantings-acquisition-of-software-company-to-improve-operations-products|website=www.farm-equipment.com|language=en|access-date=2022-04-24|archive-date=2022-01-24|archive-url=https://web.archive.org/web/20220124150405/https://www.farm-equipment.com/articles/19871-precision-plantings-acquisition-of-software-company-to-improve-operations-products|url-status=live}}</ref> Also acquired in December 2021 by AGCO was Appareo Systems, a software engineering, hardware development and electronic manufacturing company.<ref>{{Cite web |date=2021-12-21 |title=AGCO Agrees to Acquire Appareo Systems |url=https://www.businesswire.com/news/home/20211221005609/en/AGCO-Agrees-to-Acquire-Appareo-Systems |access-date=2023-02-28 |website=www.businesswire.com |language=en |archive-date=2023-02-28 |archive-url=https://web.archive.org/web/20230228025651/https://www.businesswire.com/news/home/20211221005609/en/AGCO-Agrees-to-Acquire-Appareo-Systems |url-status=live }}</ref><ref>{{Cite web |date=2021-12-22 |title=AGCO to acquire North Dakota's Appareo |url=https://www.agweek.com/business/agco-to-acquire-north-dakotas-appareo |access-date=2023-02-28 |website=Agweek |language=en |archive-date=2022-11-07 |archive-url=https://web.archive.org/web/20221107235424/https://www.agweek.com/business/agco-to-acquire-north-dakotas-appareo |url-status=live }}</ref>
In September 2021, AGCO acquired Faromatics (Farm Robotics and Automation), a precision livestock farming business.<ref>{{Cite web|last=MarketScreener|title=AGCO : Acquires Faromatics, a Precision Livestock Farming Company {{!}} MarketScreener|url=https://www.marketscreener.com/quote/stock/AGCO-CORPORATION-11558/news/AGCO-Acquires-Faromatics-a-Precision-Livestock-Farming-Company-36397550/|access-date=2021-09-29|website=www.marketscreener.com|language=en}}</ref>


In December 2021, Precision Planting announced an agreement to acquire Creative Sites Media, a software and app development company.<ref>{{Cite web|last=MarketScreener|title= Precision Planting's Acquisition of Software Company to Improve Operations, Products|url= https://www.farm-equipment.com/articles/19871-precision-plantings-acquisition-of-software-company-to-improve-operations-products|website=www.farm-equipment.com|language=en}}</ref> Also acquired in December 2021 by AGCO was Appareo Systems, a software engineering, hardware development and electronic manufacturing company.<ref>{{Cite web |date=2021-12-21 |title=AGCO Agrees to Acquire Appareo Systems |url=https://www.businesswire.com/news/home/20211221005609/en/AGCO-Agrees-to-Acquire-Appareo-Systems |access-date=2023-02-28 |website=www.businesswire.com |language=en}}</ref><ref>{{Cite web |date=2021-12-22 |title=AGCO to acquire North Dakota's Appareo |url=https://www.agweek.com/business/agco-to-acquire-north-dakotas-appareo |access-date=2023-02-28 |website=Agweek |language=en}}</ref>
In May 2022, AGCO acquired JCA Industries, a [[Winnipeg, Manitoba]] based company specializing in autonomous software for agricultural machines, implement controls and electronic system components.<ref>{{Cite web |title=AGCO Acquires JCA Industries |url=https://finance.yahoo.com/news/agco-acquires-jca-industries-180000410.html |access-date=2023-02-28 |website=finance.yahoo.com |language=en-US}}</ref><ref>{{Cite web |date=2022-05-02 |title=AGCO Acquires JCA Industries |url=https://www.businesswire.com/news/home/20220502005531/en/AGCO-Acquires-JCA-Industries |access-date=2023-02-28 |website=www.businesswire.com |language=en |archive-date=2023-02-28 |archive-url=https://web.archive.org/web/20230228025650/https://www.businesswire.com/news/home/20220502005531/en/AGCO-Acquires-JCA-Industries |url-status=live }}</ref>


In September 2023, AGCO announced it would purchase a $2 billion stake (85%) in Trimble Agriculture to form a joint venture known as PTx Trimble.<ref>{{Cite news |last=Deka |first=Kannaki |date=2023-09-28 |title=AGCO Corp to acquire $2 billion stake in Trimble unit to boost agri portfolio |language=en |work=Reuters |url=https://www.reuters.com/markets/deals/agco-corp-acquire-majority-stake-trimbles-agribusiness-2-bln-2023-09-28/ |access-date=2023-10-03 |archive-date=2023-10-02 |archive-url=https://web.archive.org/web/20231002201424/https://www.reuters.com/markets/deals/agco-corp-acquire-majority-stake-trimbles-agribusiness-2-bln-2023-09-28/ |url-status=live }}</ref> The deal passed American [[Federal Trade Commission|FTC]] approval and closed April 1, 2024.<ref>{{Cite web |last1= |title=Agtech Seedlings: Agco finalizes major tech deal with Trimble |url=https://www.agriculturedive.com/news/agtech-seedlings-agco-finalizes-major-tech-deal-with-trimble/712430/ |access-date=2024-08-27 |website=www.agriculturedive.com |language=en-US |archive-date=2024-08-27 |archive-url=https://web.archive.org/web/20240827015634/https://www.agriculturedive.com/news/agtech-seedlings-agco-finalizes-major-tech-deal-with-trimble/712430/ |url-status=live }}</ref> With the closing of this transaction, AGCO consolidated the other recent Trimble acquisitions of Müller-Elektronik and Bilberry, and former AGCO acquisition JCA under the PTx Trimble brand. Precision Planting, Headsight Harvesting Solutions and Intelligent Ag Solutions were merged under the PTx Precision Planting brand.<ref>{{Cite web |last=FarmProgress |date=June 1, 2024 |title=What is PTx? You're not the only one wondering. |url=https://www.farmprogress.com/farming-equipment/what-is-ptx- |archive-url= |access-date=September 1, 2024 |website=FarmProgress}}</ref>
In May 2022, AGCO acquired JCA Industries, a [[Winnipeg, Manitoba]] based company specializing in autonomous software for agricultural machines, implement controls and electronic system components.<ref>{{Cite web |title=AGCO Acquires JCA Industries |url=https://finance.yahoo.com/news/agco-acquires-jca-industries-180000410.html |access-date=2023-02-28 |website=finance.yahoo.com |language=en-US}}</ref><ref>{{Cite web |date=2022-05-02 |title=AGCO Acquires JCA Industries |url=https://www.businesswire.com/news/home/20220502005531/en/AGCO-Acquires-JCA-Industries |access-date=2023-02-28 |website=www.businesswire.com |language=en}}</ref>


In July 2024 AGCO announced it had reached an agreement with private equity firm American Industrial Partners to divest its Grain and Protein divisions including GSI, Automated Production, Tecno, Cimbria, and Cumberland brands.<ref>{{Cite press release |last=Corporation |first=AGCO |title=AGCO Announces Definitive Agreement to Sell its Grain & Protein Business |url=https://www.prnewswire.com/news-releases/agco-announces-definitive-agreement-to-sell-its-grain--protein-business-302206632.html |access-date=2024-08-27 |website=www.prnewswire.com |language=en |archive-date=2024-08-27 |archive-url=https://web.archive.org/web/20240827015633/https://www.prnewswire.com/news-releases/agco-announces-definitive-agreement-to-sell-its-grain--protein-business-302206632.html |url-status=live }}</ref>
In September 2023, AGCO acquired $2 billion stake (85%) in Trimble unit.<ref>{{Cite news |last=Deka |first=Kannaki |date=2023-09-28 |title=AGCO Corp to acquire $2 billion stake in Trimble unit to boost agri portfolio |language=en |work=Reuters |url=https://www.reuters.com/markets/deals/agco-corp-acquire-majority-stake-trimbles-agribusiness-2-bln-2023-09-28/ |access-date=2023-10-03}}</ref>


== Manufacturing Sites ==
== Manufacturing Sites ==
Line 104: Line 107:
{| class="wikitable sortable"
{| class="wikitable sortable"
|-
|-
! Location !! Equipment
! Location !! Equipment !! Notes
|-
|-
⚫
| Linnavuori, [[Nokia, Finland]] || Diesel Engines ||
⚫
| [[Changzhou]], China || Tractors (Compact and Mid-Range)
|-
|-
⚫
|[[Äänekoski]], Finland<ref>{{Cite web |date=2007-05-01 |title=Valtra |url=https://manufacturing-today.com/profiles/valtra/ |access-date=2022-09-02 |website=Manufacturing Today |language=en-GB |archive-date=2022-09-02 |archive-url=https://web.archive.org/web/20220902214934/https://manufacturing-today.com/profiles/valtra/ |url-status=live }}</ref> || Tractors ||
⚫
| Linnavuori, [[Nokia, Finland]] || Diesel Engines
|-
|-
⚫
| [[Beauvais]], [[France]]|| Tractors (Row-Crop) ||
⚫
|[[Äänekoski]], Finland<ref>{{Cite web |date=2007-05-01 |title=Valtra |url=https://manufacturing-today.com/profiles/valtra/ |access-date=2022-09-02 |website=Manufacturing Today |language=en-GB}}</ref>
|Tractors
|-
|-
| [[Asbach-Bäumenheim]], [[Bavaria]], [[Germany]]|| Cab Environments ||
⚫
| [[Beauvais]], France || Tractors (Row-Crop)
|-
|-
| [[Asbach-Bäumenheim]], Bavaria, Germany || Cab Environments
| [[Feucht]], Bavaria, Germany || Hay Tools ||
|-
|-
| [[Feucht]], Bavaria, Germany || Hay Tools
| [[Marktoberdorf]], Bavaria, Germany || Tractors (Row-Crop and High Horsepower) ||
|-
|-
| [[Marktoberdorf]], Bavaria, Germany || Tractors (Row-Crop and High Horsepower)
| [[Waldstetten, Bavaria|Waldstetten]], Bavaria, Germany || Forage Tools ||
|-
|-
| [[Waldstetten, Bavaria|Waldstetten]], Bavaria, Germany || Forage Tools
| [[Wolfenbüttel|Wolfenbuttel]], [[Lower Saxony]], Germany || Hay Tools ||
|-
|-
| [[Wolfenbüttel|Wolfenbuttel]], Lower Saxony, Germany || Hay Tools
| [[Hohenmölsen|Hohenmolsen]], [[Saxony-Anhalt]], Germany || Application Equipment and Forage Harvesters ||
|-
|-
⚫
| [[Changzhou]], [[China|P.R. China]] || Tractors (Compact and Mid-Range) ||
| [[Hohenmölsen|Hohenmolsen]], Saxony-Anhalt, Germany || Application Equipment and Forage Harvesters
|-
|-
| [[Breganze|Breganze, Italy]] || Combine Harvesters
| [[Breganze|Breganze, Italy]] || Combine Harvesters ||
|-
|-
| [[Budapest|Budapest, Hungary]] || Shared Service Center
| [[Budapest|Budapest, Hungary]] || Shared Service Center ||
|-
|-
| [[Beloit, Kansas]], USA || Tillage and Seeding Tools, Planters
| [[Beloit, Kansas]], [[United States|USA]] || Tillage and Seeding Tools, Planters || previously Sunflower Manufacturing
|-
|-
| [[Hesston, Kansas]], USA || Combine Harvesters, Hay Tools
| [[Hesston, Kansas]], USA || Combine Harvesters, Hay Tools || previously Hesston Corporation
|-
|-
| [[Assumption, Illinois]], USA || Grain Storage and Handling Equipment
| [[Tremont, Illinois]], USA || Precision Planting ||
|-
|-
| [[Jackson, Minnesota]], USA || Tractors (High Horsepower and Row-Crop), Application Equipment ||
| [[Tremont, Illinois]], USA || Precision Planting
|-
|-
| [[Jackson, Minnesota]], USA || Tractors (High Horsepower and Row-Crop), Application Equipment
| [[Canoas|Canoas, Rio Grande do Sul]], [[Brazil]] || Tractors (Low to High Power), Application Equipment ||
|-
|-
| [[Canoas|Canoas, Rio Grande do Sul]], Brazil
| [[Santa Rosa, Rio Grande do Sul]], Brazil || Combine Harvesters, Planters ||
| Tractors (Low to High Power), Application Equipment
|-
| [[Santa Rosa, Rio Grande do Sul]], Brazil
| Combine Harvesters, Planters
|}
|}


;Former
;Former
⚫
* [[Maassluis]], Netherlands : Lely hay equipment in 2018.
⚫
* [[Grubbenvorst]], Netherlands: Challenger application equipment for European market in 2018<ref>{{Cite web |last=Walter |first=Isabell |title=AGCO Fendt übernimmt Vertrieb der Marke Challenger - b4bschwaben.de |url=https://www.b4bschwaben.de/b4b-nachrichten/kaufbeuren-ostallgaeu_artikel,-agco-fendt-uebernimmt-vertrieb-der-marke-challenger-_arid,251814.html |access-date=2023-08-06 |website=B4B Schwaben |language=de}}</ref>
⚫
* [[Banner Lane]], Coventry, UK : Massey Ferguson tractors in 2003.
* [[Coldwater, Ohio]], USA : White-New Idea farm equipment in 1999.
* [[Coldwater, Ohio]], USA : White-New Idea farm equipment in 1999.
* [[Independence, Missouri]], USA : Gleaner combines in 2000, production moved to [[Hesston, Kansas]], USA.
* [[Independence, Missouri]], USA : Gleaner combines in 2000, production moved to [[Hesston, Kansas]], USA.
* [[Willmar, Minnesota]], USA : Spra-Coupe and Willmar application equipment in 2001.
* [[Willmar, Minnesota]], USA : Spra-Coupe and Willmar application equipment in 2001.
⚫
* [[Banner Lane]], Coventry, UK : Massey Ferguson tractors in 2003.
⚫
* [[Grubbenvorst]], Netherlands: Challenger application equipment for European market in 2018<ref>{{Cite web |last=Walter |first=Isabell |title=AGCO Fendt übernimmt Vertrieb der Marke Challenger - b4bschwaben.de |url=https://www.b4bschwaben.de/b4b-nachrichten/kaufbeuren-ostallgaeu_artikel,-agco-fendt-uebernimmt-vertrieb-der-marke-challenger-_arid,251814.html |access-date=2023-08-06 |website=B4B Schwaben |language=de |archive-date=2023-08-06 |archive-url=https://web.archive.org/web/20230806235136/https://www.b4bschwaben.de/b4b-nachrichten/kaufbeuren-ostallgaeu_artikel,-agco-fendt-uebernimmt-vertrieb-der-marke-challenger-_arid,251814.html |url-status=live }}</ref>
⚫
* [[Maassluis]], Netherlands : Lely hay equipment in 2018.
* [[Biatorbágy|Biatorbagy]], Hungary : Grain Storage and Handling Equipment, closed in 2020
* [[Biatorbágy|Biatorbagy]], Hungary : Grain Storage and Handling Equipment, closed in 2020


Line 160: Line 158:
{{div col|colwidth=23em}}
{{div col|colwidth=23em}}
* AGCO Power
* AGCO Power
* Automated Production <ref name=AGCO-brands>{{Cite web |title=AGCO Brands |author=<!--Not stated--> |url=https://www.agcocorp.com/brands.html | website=AGCO |access-date=2023-09-10 }}</ref>
* [[Challenger Tractor|Challenger]]
* [[Challenger Tractor|Challenger]]
* Cimbra <ref name=AGCO-brands/>
* Cumberland <ref name=AGCO-brands/>
* [[Fella-Werke|Fella]]
* [[Fella-Werke|Fella]]
* [[Fendt]]
* [[Fendt]]
* Fuse
* Fuse <ref name=AGCO-brands/>
* [[Gleaner Manufacturing Company|Gleaner]]
* [[Gleaner Manufacturing Company|Gleaner]]
* GSI <ref>[https://www.grainsystems.com/ GSI; AGCO brand.]</ref>
* [[Laverda (harvesters)|Laverda]]
* [[Laverda (harvesters)|Laverda]]
* [[Massey Ferguson]]
* [[Massey Ferguson]]
* Precision Planting <ref>[https://www.precisionplanting.com/ Precision Planting; AGCO brand.]</ref>
* PTx Precision Planting
* PTx Trimble
* RoGator / TerraGator <ref>[https://www.applylikeapro.com/ TerraGator; AGCO brand.]</ref>
* RoGator / TerraGator
* Sunflower <ref>[https://www.sunflowermfg.com/ Sunflower; AGCO brand.]</ref>
* Sunflower
* Tecno <ref name=AGCO-brands/>
* [[Valtra]]
* [[Valtra]]
* [[White Farm Equipment|White]]
{{div col end}}
{{div col end}}


Line 187: Line 180:


==Further reading==
==Further reading==
⚫
;Hesston Corporation
* ''Factory on the Plains: [[Lyle Yost]] and the Hesston Corporation''; Billy Mac Jones; Wichita State University; 1987; ASIN B0006EQOU0.
* ''Factory on the Plains: [[Lyle Yost]] and the Hesston Corporation''; Billy Mac Jones; Wichita State University; 1987; ASIN B0006EQOU0.
* [https://www.kansasmemory.org/locate.php?query=Hesston+Corporation&=restrict=all&page=1&page=1&page_size=50 Hesston Corporation Document Archive] - Kansas Historical Society


==External links==
==External links==
{{Commonscatinline}}
{{Commons category|AGCO}}
*{{Official|https://www.agcocorp.com}}
* {{Official website|https://www.agcocorp.com}}
* {{Finance links |name= AGCO Corporation |symbol= AGCO |reuters= AGCO.N |bloomberg= AGCO:US |sec_cik= 880266 |yahoo= AGCO |google= AGCO:NYSE}}
{{Finance links
⚫
| name = AGCO Corporation
| symbol = AGCO
| reuters = AGCO.N
| bloomberg = AGCO:US
| sec_cik = 880266
| yahoo = AGCO
| google = AGCO:NYSE
}}


{{AGCO}}
{{AGCO}}
{{Allis-Chalmers}}
{{Allis-Chalmers}}
{{Automotive industry in the United States}}
{{Automotive industry in the United States}}
{{S&P 400 companies}}
{{Authority control}}
{{Authority control}}


Line 219: Line 207:
[[Category:Electrical generation engine manufacturers]]
[[Category:Electrical generation engine manufacturers]]
[[Category:Marine engine manufacturers]]
[[Category:Marine engine manufacturers]]
[[Category:Companies in the S&P 400]]

Latest revision as of 19:16, 1 December 2024

For another use, see Alcohol and Gaming Commission of Ontario.
AGCO Corporation
Formerly
  • Gleaner-Allis Corporation
  • Allis-Gleaner Corporation
Company typePublic
IndustryAgricultural machinery
Predecessor
Founded1990; 34 years ago (1990)
HeadquartersDuluth, Georgia, U.S.
Area served
Worldwide
Key people
ProductsTractors, Combines, Hay tools, Foragers, Seeding & Tillage equipment, Self-propelled sprayers, Smart Farming Technology, Diesel engines and generators
BrandsChallenger, Fendt, Gleaner, GSI, Massey Ferguson, RoGator, TerraGator, Sunflower Manufacturing, Valtra, White Farm Equipment, JCA Technologies
ServicesParts, service, finance
RevenueIncrease US$14.41 billion (2023)
Increase US$1.17 billion (2023)
Total assetsIncrease US$11.42 billion (2023)[1]
Total equityIncrease US$4.66 billion (2023)[1]
Number of employees
27,900 (2023)
Websiteagcocorp.com

AGCO Corporation is an American agricultural machinery manufacturer headquartered in Duluth, Georgia, United States. It was founded in 1990. AGCO designs, produces and sells tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding equipment, and tillage equipment.

History

[edit]

1990–1996: Founding and early years

[edit]
Hesston 5670 round baler, in 2010

AGCO was established on June 20, 1990, when Robert J. Ratliff, John M. Shumejda, Edward R. Swingle, and James M. Seaver, who were executives at Deutz-Allis, bought out Deutz-Allis North American operations from the parent corporation Klöckner-Humboldt-Deutz AG (KHD), a German company which owned the Deutz-Fahr brand of agriculture equipment. KHD had purchased portions of the Allis-Chalmers agricultural equipment business five years earlier.[2] After the organization of the company, Robert Ratliff was selected to be the company's first chairman.[3]

The company was called Gleaner-Allis Corporation, then the name was changed to Allis-Gleaner Corporation, or AGCO. The Deutz-Allis line of tractors was renamed AGCO-Allis, and Gleaner became a brand of its own for combines. The Deutz-Allis brand continued in South America until 2001, when it was renamed AGCO-Allis. In 2001, AGCO Allis was renamed AGCO in North America.

In March 1991, AGCO purchased the Hesston Corporation which is in Hesston, Kansas[4][5] gaining hay and forage equipment as well as technologies such as the grain auger, invented in 1947 by Lyle Yost.[6] Hesston had a 50 percent joint venture with Case International, now a part of CNH Global. AGCO purchased the White Tractor line from the Allied Corporation's White-New Idea company.[7] In 1993, AGCO purchased the remainder of White-New Idea,[8] a manufacturer of New Idea hay equipment, manure spreaders, and White planters with a large manufacturing plant in Coldwater, Ohio.

Massey Ferguson 6490 tractor, in 2008

AGCO purchased the North American distribution rights to global agricultural equipment manufacturer Massey Ferguson in 1993 and purchased the company from Varity the following year. The acquisition of England-based Massey Ferguson gave AGCO access to markets in Europe and around the world. At the time, Massey Ferguson had 20 percent of the global market share for tractors.[9] AGCO also purchased McConnell Tractors in 1994,[4] manufacturer of the large articulated Massey Ferguson tractors. AGCO developed the Agcostar line of articulated tractors. Later in 1994, the Black Machine line of planters was purchased.[10]

In 1995 AgEquipment Group was bought;[7] it manufactured tillage equipment and loaders under the Glenco, Tye and Farmhand brands. In 1996, acquisitions went international with the purchase of Iochpe-Maxion in Brazil.[4] It was the Brazilian company which had rights to the Massey Ferguson brand and manufacturing in the region, as well as the Maxion brand of industrial equipment. In the same year AGCO purchased Deutz Argentina, the number one leader of tractors in Argentina.[8] Also in 1996, AGCO purchased Western Combine Corporation and Portage Manufacturing in Canada.[11] Western Combine had previously purchased the assets of the Massey Combine Corporation's combine operation, which had been spun off by Massey Ferguson.

1997–2005: Major acquisitions and growth

[edit]
Fendt 930 Vario tractor, in 2009

In 1997 the company purchased Fendt which is based in Germany, the German tractor company.[12] Fendt is well known for its advanced technology and superior manufacturing quality. The acquisition of Fendt was contingent on three conditions; 1) The Fendt name would be retained, 2) The factory in Marktoberdorf would continue to operate, and 3) a fair price would be paid for the company. Also in 1997, AGCO acquired Dronningborg Industries in Denmark, the manufacturer of European Massey Ferguson combines, and former manufacturer of Dronningborg combines.[13]

In 1998, AGCO made a joint venture with Deutz AG to produce engines in Argentina,[14] and purchased the Spra-Coupe and Willmar companies.[15] Spra-Coupe and Willmar are sprayer companies in North America. SpraCoupe originated in Bismarck, North Dakota. After being purchased by AGCO, the manufacturing of SpraCoupes was moved to Willmar, Minnesota where the Willmar branded fertilizer tenders and "Wrangler" articulated loaders were being manufactured. SpraCoupe and Willmar products were manufactured in Willmar from 1998 to 2001.

In the year 2000, AGCO bought out its partner CNH Global N.V. in the Hay and Forage Industries joint venture.[16]

In 2001, AGCO purchased Ag-Chem Equipment, expanding its application equipment business.[17] Ag-Chem Equipment was based in Jackson, Minnesota and developed the TerraGator flotation-type and RoGator rowcrop-type applicators. Also in 2001 the SpraCoupe and Willmar brands moved their manufacturing from Willmar, Minnesota to the Jackson facility and the Agco-Allis and White tractor lines were merged in North America under the AGCO brand, continuing in the orange color.

In 2002 AGCO purchased rights to the Challenger name and the tracked tractors from the Caterpillar Corporation,[18] giving the firm a well-known brand name and high-power tracked tractors. The firm further developed the Challenger line into: wheeled tractors, using tractors manufactured by Iseki, Agritalia, the Massey Ferguson factory and the Brazilian Valtra factory; combines, rebranding some Massey Ferguson/Gleaner -built combines; and hay equipment, using Hesston-built hay equipment. AGCO also purchased the Sunflower Manufacturing Company in Beloit, Kansas which manufactures tillage, seeding, and specialty harvesting equipment.[19]

In 2004 AGCO purchased the Valtra tractor company from the Kone Group, in Finland. Valtra had licensing agreements with the Eicher company in India for tractor production, and also with the HEMA group in Turkey. The purchase of Valtra also included SISU Diesel engines. Since 2012 this Finland based diesel engine manufacturer with production for example in Brazil[20][21] has operated with name AGCO Power.[22]

2006–2020: Martin Richenhagen era

[edit]
Valtra T170 tractor, in 2008

2006 saw a re-focusing of the various brands and subsidiaries, and the reduction of individual brands. AGCO announced plans to combine some, and make some only part of a larger brand, or co-branding. Examples include the Massey Ferguson 9635 Hesston self-propelled swather, and the AGCO 9365 Hesston self-propelled swather. Challenger has seen further expansion with the further consolidation of the AgChem brand into Challenger, and the introduction of Agritalia built tractors and an articulated Challenger tractor. In August 2006, AGCO saw its first change in the position of chairman since its founding with the selection of Martin Richenhagen to succeed Robert Ratliff.[23]

In 2007, AGCO bought 50% of Laverda S.p.A. from ARGO SpA, which included the Gallagnani and Fella-Werke hay equipment brands.[24][25]

In 2008/2009 AGCO, the Challenger, Valtra, and Massey Ferguson large row crop tractors were launched in Europe and North America respectively with AGCO's e3 Selective Catalytic Reduction (SCR) emission reduction technology.[26]

Late in 2009, the firm announced that it would phase out orange AGCO tractors by 2011.[27]

In late 2010, the firm announced the plan to acquire the remaining 50% of Laverda, which included Fella-Werke as well. The acquisition was finalized in March 2011.[28][29][30]

In 2011, the firm plans to transfer its assembly of high-horsepower wheeled tractors sold in North America from Beauvais, France to Jackson, Minnesota, where it will expand the plant by 75,000 square feet (7,000 m2).[31] The expansion was completed in 2012.[32]

In 2011, the firm said that it will invest $40 million in its Hesston, Kansas plant with a new 200,000-square-foot (19,000 m2) painting and finishing building. Construction began June 2011 and was completed in 2013.[33][34][35]

In October 2011, AGCO purchased GSI, based in Assumption, Illinois, a manufacturer of grain storage and handling equipment.[2]

In 2012. AGCO acquired 60% of Santal Equipamentos, a sugar cane planting and harvesting equipment. It also purchased 80% of Shandong Dafeng Machinery Co, a combine harvester manufacturer in China. AGCO formed the Algerian Tractors Company joint venture with the Algerian brand Etrag with 49% ownership.

In 2013, GSI acquired Johnson System, based in Marshall, Michigan, a manufacturer of catwalks and towers.[36] In 2013, AGCO started Fuse Technologies, a smart farming technology division.[37]

In 2017, AGCO acquired Precision Planting, based in Tremont, Illinois, a planting equipment and technology business.[38]

In 2017, AGCO acquired the forage machinery line from Lely, including balers, loading wagons, mowers, tedders, rakes, and the rights to the entire portfolio of the defunct Mengele Agrartechnik. This included factories in Wolfenbuettel (D) and Waldstetten (D). The factory in Maassluis (NL) will be closed in 2018.

In September 2020, AGCO acquired 151 Research Inc., a Winnipeg, Manitoba based company that specializes in grain storage research and development.[39]

2021–present: Eric Hansotia era

[edit]

In 2021, AGCO named Eric Hansotia its third chairman, succeeding Richenhagen, who retired after approximately 15 years as head of the company.[40] Hansotia has been working for AGCO since 2013 and became its chief operating officer in October 2018.[41] In 2021, the company navigated supply chain disruptions driven by the COVID-19 pandemic.[42] AGCO acquired North Dakota-based technology company Appareo Systems in January 2022.[43]

In August 2021, Precision Planting acquired Headsight, a Bremen, Indiana company specializing in precision agriculture harvesting solutions.[44][45]

In September 2021, AGCO acquired Faromatics (Farm Robotics and Automation), a precision livestock farming business.[46]

In December 2021, Precision Planting announced an agreement to acquire Creative Sites Media, a software and app development company.[47] Also acquired in December 2021 by AGCO was Appareo Systems, a software engineering, hardware development and electronic manufacturing company.[48][49]

In May 2022, AGCO acquired JCA Industries, a Winnipeg, Manitoba based company specializing in autonomous software for agricultural machines, implement controls and electronic system components.[50][51]

In September 2023, AGCO announced it would purchase a $2 billion stake (85%) in Trimble Agriculture to form a joint venture known as PTx Trimble.[52] The deal passed American FTC approval and closed April 1, 2024.[53] With the closing of this transaction, AGCO consolidated the other recent Trimble acquisitions of Müller-Elektronik and Bilberry, and former AGCO acquisition JCA under the PTx Trimble brand. Precision Planting, Headsight Harvesting Solutions and Intelligent Ag Solutions were merged under the PTx Precision Planting brand.[54]

In July 2024 AGCO announced it had reached an agreement with private equity firm American Industrial Partners to divest its Grain and Protein divisions including GSI, Automated Production, Tecno, Cimbria, and Cumberland brands.[55]

Manufacturing Sites

[edit]
Current
Location Equipment Notes
Linnavuori, Nokia, Finland Diesel Engines
Äänekoski, Finland[56] Tractors
Beauvais, France Tractors (Row-Crop)
Asbach-Bäumenheim, Bavaria, Germany Cab Environments
Feucht, Bavaria, Germany Hay Tools
Marktoberdorf, Bavaria, Germany Tractors (Row-Crop and High Horsepower)
Waldstetten, Bavaria, Germany Forage Tools
Wolfenbuttel, Lower Saxony, Germany Hay Tools
Hohenmolsen, Saxony-Anhalt, Germany Application Equipment and Forage Harvesters
Changzhou, P.R. China Tractors (Compact and Mid-Range)
Breganze, Italy Combine Harvesters
Budapest, Hungary Shared Service Center
Beloit, Kansas, USA Tillage and Seeding Tools, Planters previously Sunflower Manufacturing
Hesston, Kansas, USA Combine Harvesters, Hay Tools previously Hesston Corporation
Tremont, Illinois, USA Precision Planting
Jackson, Minnesota, USA Tractors (High Horsepower and Row-Crop), Application Equipment
Canoas, Rio Grande do Sul, Brazil Tractors (Low to High Power), Application Equipment
Santa Rosa, Rio Grande do Sul, Brazil Combine Harvesters, Planters
Former

Brands

[edit]

See also

[edit]

References

[edit]
  1. ^ a b "US SEC: Form 10-K AGCO Corporation for fiscal year ending December 31, 2023". United States Securities and Exchange Commission. Archived from the original on May 22, 2024. Retrieved September 5, 2024.
  2. ^ a b "History of AGCO". History of AGCO. Archived from the original on 2014-12-03. Retrieved 2011-01-13.
  3. ^ Executive, Chief (1994-04-01). "Robert J. Ratliff". ChiefExecutive.net. Archived from the original on 2022-06-25. Retrieved 2022-06-25.
  4. ^ a b c "AGCO, Form S-4/A, Registration of Securities, Filing Date Jul 15, 1996". secdatabase.com. Archived from the original on March 4, 2016. Retrieved Jan 1, 2013.
  5. ^ "Lyle Yost, founder of Hesston Corp., passes away at age 99". Progressive Forage. May 4, 2012. Archived from the original on March 13, 2016. Retrieved September 16, 2012.
  6. ^ Voorhis, Dan (April 6, 2012Z). "Lyle Yost, founder of Hesston Industries, dies at age 99". Wichita Eagle. Archived from the original on August 10, 2014. Retrieved September 12, 2012.
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  8. ^ a b "AGCO, Form S-3, Registration Statement, Filing Date Jan 22, 1997". secdatabase.com. Retrieved Jan 1, 2013.
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  35. ^ Kansan, Chad Frey Newton. "Investment". thekansan.com. Archived from the original on 2014-01-07. Retrieved 2014-01-07.
  36. ^ GSI aims to be ‘local’ supplier across the globe, World-Grain; https://www.world-grain.com/articles/5267-gsi-aims-to-be-local-supplier-across-the-globe Archived 2019-09-26 at the Wayback Machine
  37. ^ "Caring About the Future of Farming". fusesmartfarming.com/. 14 November 2019. Archived from the original on 11 August 2019. Retrieved 14 November 2019.
  38. ^ "Precision Planting sold to Agco". farmindustrynews.com. 26 July 2017. Archived from the original on 2017-07-26.
  39. ^ Cash, Martin (30 September 2020). "Sep 2020: AGCO acquires 151 Research Inc., a Winnipeg grain storage research and development firm". Winnipeg Free Press. Archived from the original on 2023-03-01. Retrieved 2023-03-01.
  40. ^ "CEO of agriculture equipment giant AGCO retiring". Atlanta Business Chronicle. Aug 21, 2020. Archived from the original on September 25, 2020.
  41. ^ "AGCO names new COO". Atlanta Business Chronicle. October 26, 2018. Archived from the original on November 8, 2024. Retrieved May 1, 2023.
  42. ^ Singh, Rajesh Kumar (19 April 2021). "'Our factories are hungry' - U.S. farm machinery maker faces dearth of components". Reuters. Archived from the original on 7 November 2022. Retrieved 7 November 2022.
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  44. ^ "Precision Planting Agrees To Acquire Headsight Business". www.farm-equipment.com. Archived from the original on 2023-02-28. Retrieved 2023-02-28.
  45. ^ "Precision Planting Agrees To Acquire Headsight Business". AgWeb. 2021-08-10. Archived from the original on 2023-02-28. Retrieved 2023-02-28.
  46. ^ MarketScreener (10 September 2021). "AGCO : Acquires Faromatics, a Precision Livestock Farming Company | MarketScreener". www.marketscreener.com. Archived from the original on 2021-09-29. Retrieved 2021-09-29.
  47. ^ MarketScreener. "Precision Planting's Acquisition of Software Company to Improve Operations, Products". www.farm-equipment.com. Archived from the original on 2022-01-24. Retrieved 2022-04-24.
  48. ^ "AGCO Agrees to Acquire Appareo Systems". www.businesswire.com. 2021-12-21. Archived from the original on 2023-02-28. Retrieved 2023-02-28.
  49. ^ "AGCO to acquire North Dakota's Appareo". Agweek. 2021-12-22. Archived from the original on 2022-11-07. Retrieved 2023-02-28.
  50. ^ "AGCO Acquires JCA Industries". finance.yahoo.com. Retrieved 2023-02-28.
  51. ^ "AGCO Acquires JCA Industries". www.businesswire.com. 2022-05-02. Archived from the original on 2023-02-28. Retrieved 2023-02-28.
  52. ^ Deka, Kannaki (2023-09-28). "AGCO Corp to acquire $2 billion stake in Trimble unit to boost agri portfolio". Reuters. Archived from the original on 2023-10-02. Retrieved 2023-10-03.
  53. ^ "Agtech Seedlings: Agco finalizes major tech deal with Trimble". www.agriculturedive.com. Archived from the original on 2024-08-27. Retrieved 2024-08-27.
  54. ^ FarmProgress (June 1, 2024). "What is PTx? You're not the only one wondering". FarmProgress. Retrieved September 1, 2024.
  55. ^ Corporation, AGCO. "AGCO Announces Definitive Agreement to Sell its Grain & Protein Business". www.prnewswire.com (Press release). Archived from the original on 2024-08-27. Retrieved 2024-08-27.
  56. ^ "Valtra". Manufacturing Today. 2007-05-01. Archived from the original on 2022-09-02. Retrieved 2022-09-02.
  57. ^ Walter, Isabell. "AGCO Fendt übernimmt Vertrieb der Marke Challenger - b4bschwaben.de". B4B Schwaben (in German). Archived from the original on 2023-08-06. Retrieved 2023-08-06.

Further reading

[edit]
Hesston Corporation
[edit]

Media related to AGCO at Wikimedia Commons

  • Official website
  • Business data for AGCO Corporation:
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