AGCO
**History and Major Acquisitions**:
– AGCO was established on June 20, 1990, by executives from Deutz-Allis.
– Acquired Hesston Corporation in March 1991.
– Purchased White Tractor line from Allied Corporations in 1993.
– Bought North American distribution rights to Massey Ferguson in 1993.
– Acquired Fendt in 1997, a German tractor company known for advanced technology.
– Purchased Valtra tractor company from the Kone Group in 2004.
– Acquired Ag-Chem Equipment in 2001, expanding application equipment business.
– Acquired Challenger name and tracked tractors from Caterpillar Corporation in 2002.
**Leadership Transitions and Strategic Expansion**:
– Martin Richenhagen became chairman in 2006.
– Bought 50% of Laverda S.p.A. in 2007.
– Launched e3 Selective Catalytic Reduction technology in 2008/2009.
– Acquired remaining 50% of Laverda in 2010.
– Transferred assembly of high-horsepower wheeled tractors to Jackson, Minnesota, in 2011.
– Invested $40 million in Hesston, Kansas, plant in 2011.
– Purchased GSI in 2011, a manufacturer of grain storage and handling equipment.
– Acquired 60% of Santal Equipamentos and 80% of Shandong Dafeng Machinery Co in 2012.
**International Ventures and Recent Developments**:
– Purchased Iochpe-Maxion in Brazil in 1996.
– Acquired Deutz Argentina in 1996.
– Purchased Western Combine Corporation and Portage Manufacturing in Canada in 1996.
– Formed Algerian Tractors Company joint venture in 2012.
– Acquired Johnson System in 2013.
– Eric Hansotia succeeded Martin Richenhagen as AGCO’s third chairman in January 2021.
– AGCO faced supply chain disruptions due to the COVID-19 pandemic in 2021.
– AGCO acquired Appareo Systems in January 2022.
– AGCO acquired Faromatics for precision livestock farming in September 2021.
**Corporate Milestones and Acquisitions**:
– AGCO Power era in the 2010s.
– Robert J. Ratliff retired as Chairman, succeeded by Martin Richenhagen.
– AGCO acquired Precision Planting in 2017.
– AGCO acquired 151 Research Inc. in September 2020.
– Eric Hansotia was named COO of AGCO in October 2018.
– AGCO acquired JCA Industries in May 2022.
– AGCO acquired an 85% stake in Trimble unit in September 2023.
**Global Operations and Company Developments**:
– AGCO phased out orange tractors by 2011.
– AGCO invested in U.S. plants, including Hesston.
– AGCO opened the Intivity Center and expanded manufacturing.
– AGCO aimed to be a local supplier globally through GSI.
– AGCO acquired Precision Planting acquired Headsight in August 2021.
– AGCO acquired Creative Sites Media in December 2021.
– AGCO acquired Italian deal in the past.