AGCO

AGCO Corporation is an American agricultural machinery manufacturer headquartered in Duluth, Georgia, United States.

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.

[10] In 1995 AgEquipment Group was bought;[7] it manufactured tillage equipment and loaders under the Glenco, Tye and Farmhand brands.

[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.

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

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.

Since 2012 this Finland based diesel engine manufacturer with production for example in Brazil[20][21] has operated with name AGCO Power.

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.

[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).

[33][34][35] In October 2011, AGCO purchased GSI, based in Assumption, Illinois, a manufacturer of grain storage and handling equipment.

[37] In 2016, AGCO acquired Cimbria, based in Thisted, Denmark, a processing, handling and storage of seed and grain business.

[39] 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.

[40] In 2021, AGCO named Eric Hansotia its third chairman, succeeding Richenhagen, who retired after approximately 15 years as head of the company.

[49][52][53] 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.

Hesston 5670 round baler, in 2010
Massey Ferguson 6490 tractor, in 2008
Fendt 930 Vario tractor, in 2009
Valtra T170 tractor, in 2008