19 Facts About AGCO

AGCO Corporation is an American agricultural machinery manufacturer founded in 1990 and with its headquarters in Duluth, Georgia, United States.

AGCO designs, produces and sells tractors, combines, foragers, hay tools, self-propelled sprayers, smart farming technologies, seeding and tillage equipment.

AGCO was established on June 20,1990 when executives at Deutz-Allis, Robert J Ratliff, John M Shumejda, Edward R Swingle, and James M Seaver, bought out Deutz-Allis North American operations from the parent corporation Klockner-Humboldt-Deutz AG, a German company that owned the Deutz-Fahr brand of agriculture equipment.

In March 1991, AGCO purchased the Hesston Corporation located in Hesston, Kansas gaining hay and forage equipment as well as technologies such as the grain auger, invented in 1947 by Lyle Yost.

AGCO purchased the White Tractor line from the Allied Corporation's White-New Idea company.

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In 1993, AGCO purchased the remainder of White-New Idea, gaining New Idea hay equipment, manure spreaders, White planters, from a large manufacturing plant in Coldwater, Ohio.

Also in 1993, AGCO purchased the North American distribution rights to Massey Ferguson, a worldwide agricultural equipment company.

Also in 1996, AGCO purchased Western Combine Corporation and Portage Manufacturing in Canada.

Also in 1997, AGCO acquired Dronningborg Industries in Denmark, the manufacturer of European Massey Ferguson combines, and former manufacturer of Dronningborg combines.

In 1998, AGCO made a joint venture with Deutz AG to produce engines in Argentina, and purchased the Spra-Coupe and Willmar companies.

In 2001, AGCO purchased Ag-Chem Equipment, expanding its application equipment business.

AGCO purchased the Sunflower Manufacturing Company in Beloit, Kansas, which manufactures tillage, seeding and specialty harvesting equipment.

AGCO announced plans to combine some, and make some only part of a larger brand, or co-branding.

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

In 2013, AGCO started Fuse Technologies, a smart farming technology division.

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

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.

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.

In September 2021, AGCO acquired Faromatics, a precision livestock farming business.