AGCO announces Martin Richenhagen Chairman and CEO succession

It has come as a great surprise to many that AGCO Chairman and Chief Executive Officer Martin Richenhagen is human after all and has announced his retirement effective from 31 December 2020. The contribution made by Martin Richenhagen to AGCO was always considered super-human. He was the driving force that pieced together a mishmash of […]

First quarter AGCO sales take a small hit

AGCO Massey Ferguson

Massey Ferguson, Fendt and Valtra manufacturer, AGCO, has booked first quarter sales worth AU$2.95 billion, a decrease of approximately 3.4 per cent compared to the first quarter of 2019. The company’s production operations in China and Europe were both adversely hit by the COVID-19 pandemic but North America proved to be resilient with production levels […]

AGCO founder Robert J Ratliff mourned

AGCO Corporation mourns the passing of founder and former President, Chairman and CEO Robert J. Ratliff. With a vision to provide solutions for the needs of the farm industry worldwide, Mr Ratliff guided the growth of AGCO from a small North American company into one of the world’s largest manufacturers of agricultural equipment. Source: AFDJ eNews Through his entrepreneurial […]

AGCO to acquire Lely

AGCO announced that it has reached agreement in principle to acquire the forage division of Lely Group. Source: AFDJ eNews Lely’s forage division is a leading manufacturer of balers and loader wagons in Europe. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2017. Furthermore, the process for employee consultation will now […]

AGCO takes China market very seriously

One of the world’s largest farm equipment manufacturers is predicting a bright future in China, and it is putting its money behind that belief. Source: Country Guide AGCO, parent company of well known brands Massey Ferguson, Fendt, Valtra, GSI, and Challenger, has opened a new state-of-the-art manufacturing facility in Changzhou to serve both its international needs and what it […]

AGCO realigns Asia Pacific structure

AGCO has announced a realignment of its regional structure, which will see an increase in its on-the-ground presence in Africa and a further expansion of the company’s significant operations on the Continent. Source: AFDJ eNews The new regional structure will build on the significant progress that AGCO has made over recent years and further drive […]

MARS – a swarm of robots

With the MARS research project AGCO/Fendt has developed small robot units that with the assistance of a cloud-based solution, can be controlled independent of location during sowing operations. Source: AFDJ eNews The research project MARS (Mobile Agricultural Robot Swarms), studies satellite supported sowing of maize by field robots. Sowing operations can be planned and monitored at any time […]

AGCO acquires Cimbria

Agco, a worldwide manufacturer and distributor of agricultural equipment, announced that it has agreed to acquire Cimbria Holdings Ltd for approximately US$340 million from Silverfleet Capital. Source: AFDJ eNews Cimbria, based in Thisted, Denmark, is a leading manufacturer of products and solutions for the processing, handling and storage of seed and grain. The transaction is subject to regulatory approval […]

New Challenger in the US

Challenger, a global brand of  Agco has introduced an entirely new category of tractors to North American agribusiness operations. Source: AFDJ eNews Challenger 1000 Series tractors are one of the industry’s most versatile standard tractors and an innovation for 2016. Designed to deliver lower cost of ownership per acre, advanced connectivity and world-class Challenger performance, […]