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AGCO Corporation
Formerly
Gleaner-Allis Corporation, Allis-Gleaner Corporation
Public
Traded as NYSEAGCO
S&P 400 Component
Industry Manufacturer
Predecessor Allis-Chalmers 1909–1985, Deutz-Allis 1985–1990
Founded 1990
Headquarters Duluth, Georgia
United States
Area served
Worldwide
Key people
Products Agricultural equipment
Tractors
Combines
Self-propelled sprayers
Hay tools
Forage equipment
Seeding & Tillage equipment
Diesel engines
List of brands
Services Parts, Service, Finance
Revenue Decrease US$ 7.41 billion (2016)
Operating income
Decrease US$ 288.4 million (2016)
Decrease US$ 160.2 million (2016)
Total assets Increase US$ 7.17 billion (2016)
Total equity Decrease US$ 2.84 billion (2016)
Number of employees
20,462 (2017)

AGCO Corporation is an American agricultural equipment manufacturer. Their headquarters are in Duluth, Georgia, United States.

History

Hesston 5670 round baler
Hesston 5670 round baler, in 2010

AGCO was created in 1990 when executives at Deutz-Allis bought out Deutz-Allis North American operations from the parent corporation KHD (Klöckner-Humboldt-Deutz). KHD was a German company that owned the Deutz-Fahr brand of agriculture equipment. KHD had bought parts of the Allis-Chalmers agricultural equipment business five years earlier.

In March 1991, AGCO bought the Hesston Corporation. Because of this, they gained hay and forage equipment as well as technologies such as the grain auger (used to unload grain quickly from combines), invented in 1947 by Lyle Yost. Hesston had a 50 percent joint venture with Case International, now a part of CNH Global. AGCO bought the White Tractor line from the Allied Corporation's White-New Idea company. In 1993, AGCO bought the rest of White-New Idea, gaining New Idea hay equipment and manure spreaders, and White planters. White New Idea had a big manufacturing plant in Coldwater, Ohio, USA.

In 2013, AGCO’s GSI acquired Johnson System, a manufacturer of catwalks and towers.

In 2017, AGCO acquired Precision Planting, LLC, a planting equipment and technology business.

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