ARGO SpA

**History:**
– Founded by Valerio Morra in 1980 with the purchase of MBS Spa
– ARGO purchased Pegoraro Spa of Vicenza in 1987
– Sixty-six percent of Landini was purchased in 1989 from Massey Ferguson
– Tractor business expanded in 1995 with the purchase of Valpadana Spa
– Further growth in 2001 with the purchase of the McCormick name and tractor factory in Doncaster, England

**Brands:**
– ARGO manufactures or distributes Landini
– ARGO manufactures or distributes Laverda
– ARGO manufactures or distributes McCormick
– ARGO manufactures or distributes Valpadana
– ARGO manufactures or distributes S.E.P.

**Ownership Changes:**
– ARGO purchased the remaining 9% of Landini from AGCO in 2000
– In 2007, ARGO sold 50% of Laverda to AGCO
– AGCO bought the remaining 50% of Laverda in late 2010/early 2011
– AGCO’s acquisition of Laverda also included Fella-Werke
– The purchase of McCormick name and tractor factory in 2001 marked significant ownership changes

**Expansion and Acquisitions:**
– Expansion of tractor business in 1995 with Valpadana Spa purchase
– Acquired S.E.P. Spa and Laverda in 2000 from CNH Global
– Purchase of Pegoraro Spa of Vicenza in 1987
– Further growth in 2001 with the acquisition of the McCormick name and tractor factory
– Acquisition of Fella-Werke along with Laverda in late 2010/early 2011

**Merger and Regulatory Requirements:**
– Merger of Case IH and Fiat’s New Holland Ag into CNH Global led to factory sales
– Regulatory bodies required the sale of factories, including Laverda from Fiat
– McCormick Tractors International was sold due to regulatory requirements
– ARGO’s purchase of Landini shares in 1989 was part of the regulatory compliance
– Sale of Laverda from Fiat was a result of the merger between Case IH and Fiat’s New Holland Ag.