AGCO facts for kids

Quick facts for kids
AGCO Corporation

Formerly	Gleaner-Allis Corporation Allis-Gleaner Corporation
Type	Public
Traded as	NYSE: AGCO S&P 400 component
Industry	Agricultural machinery
Predecessor	Allis-Chalmers (1909–1985) Deutz-Allis (1985–1990)
Founded	1990; 35 years ago (1990)
Headquarters	Duluth, Georgia, U.S.
Area served	Worldwide
Key people	Eric Hansotia (Chairman, President, CEO) Damon Audia (Senior Vice President, CFO)
Products	Tractors, Combines, Hay tools, Foragers, Seeding & Tillage equipment, Self-propelled sprayers, Smart Farming Technology, Diesel engines and generators
Brands	Challenger, Fendt, Gleaner, GSI, Massey Ferguson, RoGator, TerraGator, Sunflower Manufacturing, Valtra, White Farm Equipment, JCA Technologies
Services	Parts, service, finance
Revenue	US$14.41 billion (2023)
Net income	US$1.17 billion (2023)
Total assets	US$11.42 billion (2023)
Total equity	US$4.66 billion (2023)
Number of employees	27,900 (2023)

AGCO Corporation is a company from the United States that makes big machines for farms. These machines help farmers grow food. AGCO's main office is in Duluth, Georgia. The company started in 1990.

AGCO designs, builds, and sells many types of farm equipment. This includes tractors, machines that harvest crops (called combines), and tools for cutting and collecting hay. They also make machines for planting seeds, preparing the soil, and spraying crops. AGCO uses smart technology to help farmers work better.

AGCO's Journey: How the Company Grew

Starting Small: AGCO's First Years (1990–1996)

A Hesston 5670 round baler, used for making hay bales.

AGCO began on June 20, 1990. Some leaders from a company called Deutz-Allis bought the part of the company that worked in North America. This part used to belong to a German company. The new company was first called Gleaner-Allis Corporation, then Allis-Gleaner Corporation, which became AGCO.

Their tractors, which were called Deutz-Allis, became AGCO-Allis. The Gleaner brand became known for its combines. In 1991, AGCO bought Hesston Corporation. This added hay and forage equipment to their products. Hesston was also known for inventing the grain auger, a machine that moves grain.

AGCO also bought the White Tractor line. In 1993, they bought the rest of White-New Idea. This company made hay equipment and planters.

A Massey Ferguson 6490 tractor.

A big step for AGCO was buying Massey Ferguson in 1994. Massey Ferguson was a well-known company from England. This purchase helped AGCO sell its machines in Europe and around the world. At that time, Massey Ferguson made 20% of all tractors globally. AGCO also bought other companies like McConnell Tractors and Black Machine planters.

In 1995, AGCO bought AgEquipment Group, which made tools for preparing soil. In 1996, AGCO started buying companies outside North America. They bought Iochpe-Maxion in Brazil and Deutz Argentina. They also bought Western Combine Corporation in Canada.

Growing Bigger: Major Purchases (1997–2005)

A Fendt 930 Vario tractor.

In 1997, AGCO bought Fendt, a German tractor company. This was a big deal because Fendt was known for its high-quality machines. AGCO promised to keep the Fendt name and its factory in Germany. They also bought Dronningborg Industries in Denmark, which made combines.

In 1998, AGCO bought Spra-Coupe and Willmar, which made sprayers for farms. In 2001, AGCO bought Ag-Chem Equipment. This company made large machines for applying fertilizers and other products to fields. The SpraCoupe and Willmar brands moved their production to Ag-Chem's facility. Also, the AGCO-Allis and White tractor lines in North America became known simply as the AGCO brand.

In 2002, AGCO bought the rights to the Challenger name from Caterpillar. This gave AGCO famous tracked tractors. They also bought Sunflower Manufacturing Company, which made tools for tilling soil and planting.

In 2004, AGCO bought the Valtra tractor company from Finland. This purchase also included SISU Diesel engines, which are now called AGCO Power.

Modern Times: The Eric Hansotia Era (2021–Present)

A Valtra T170 tractor.

In 2021, Eric Hansotia became the new chairman of AGCO. He had worked for the company since 2013. Under his leadership, AGCO has bought several companies that focus on precision agriculture. This means using technology to farm more efficiently.

For example, AGCO bought Headsight and Farm Robotics and Automation in 2021. In 2022, they bought Appareo Systems, which works with artificial intelligence for farming, and JCA Industries, which makes farm machines that can work by themselves. In 2023, they bought digital tools from FarmFacts.

In 2024, AGCO made its biggest purchase ever. They bought 85% of Trimble Inc. for $2 billion. This led to a new company called PTx Trimble, which helps make farm equipment more automated. In July 2024, AGCO announced plans to sell its Grain and Protein divisions, including brands like GSI and Cimbria.

Where AGCO Machines Are Made

AGCO has factories all over the world. Here are some of their current and former manufacturing sites:

Current

Former

• Coldwater, Ohio, USA: Made White-New Idea farm equipment until 1999.
• Independence, Missouri, USA: Made Gleaner combines until 2000. Production moved to Hesston, Kansas.
• Willmar, Minnesota, USA: Made Spra-Coupe and Willmar application equipment until 2001.
• Banner Lane, Coventry, UK: Made Massey Ferguson tractors until 2003.
• Grubbenvorst, Netherlands: Made Challenger application equipment for Europe until 2018.
• Maassluis, Netherlands: Made Lely hay equipment until 2018.
• Biatorbagy, Hungary: Made Grain Storage and Handling Equipment until 2020.

AGCO's Brands

AGCO owns many different brands that make farm equipment:

See also

In Spanish: AGCO Corporation para niños

• List of S&P 400 companies