AGCO

AGCO is a global manufacturer of agricultural machinery, headquartered in Duluth ( Georgia), USA. Due to its global presence, the agricultural machinery manufacturer offers a variety of products, which are sold by more than 2,700 dealers in over 140 countries. The European headquarters of the company AGCO is since August 2007 in Schaffhausen / Neuhausen, Switzerland.

  • 3.1 Core Brands
  • 3.2 more brands
  • 3.3 Previous trademarks

History

The company was formed in 1990, when executives of Deutz -Allis North American operations of Klöckner- Humboldt -Deutz with the agricultural machinery brand Deutz-Fahr acquired ( management buy -out). It was then renamed Allis- Gleaner Corporation, AGCO shortly. Gleaner was the brand for combine harvesters, while the product line of tractors AGCO Tractors means.

Acquisitions

In the following years, numerous businesses and activities were acquired:

Company data

AGCO is the world's third largest manufacturer of agricultural machinery. The Group owns 15 production sites, are three in the USA and Mexico, three in South America and eighth in Europe. On the Fortune 500 list of largest U.S. companies for 2006 AGCO took place 421 and 2007 space 359

AGCO generated a turnover of six billion U.S. dollars in 2007. The ongoing since 2008 economic crisis did not affect the Group 's operating profit increased from 67 to 400 million U.S. dollars. The Group's management announced its intention to increase its sales in the next five years to eight billion U.S. dollars, which would be based on the conversion in 2007, an increase of one-fifth. The increase is to be achieved by increasing the market share in the growth markets of the countries of the former Soviet Union, Brazil, India and China.

Despite the positive numbers, and the announcements to increase sales, the stock of AGCO fell in 2008 by 65.3 %, while 2007 was an increase of 117.75 % in 2006 and an increase of 84.72 % was achieved.

But in the third quarter of 2009, revenues fell by 32.7 % compared to the same period last year. Compared with other agricultural machinery manufacturers of the collapse in 2009 is above average.

Brand name

Core brands

The of the AGCO Corporation products are sold through four core brands:

More brands

  • AGCO POWER
  • AGCO Tractors
  • Fella
  • Gleaner
  • Hesston
  • Laverda
  • RoGator
  • SpraCoupe
  • Sunflower
  • TerraGator
  • White Planters
  • Willmar

Previous trademarks

  • AGCO Allis
  • AGCOSTAR
  • Farmhand
  • Glencoe
  • New Idea
  • Soilteq
  • White
  • Tye
Types of business entity Duluth (Georgia) Baler Coventry Allis-Chalmers Deutz AG Gleaner Manufacturing Company White Farm Equipment Linamar Caterpillar Inc. SPX Corporation ARGO SpA Laverda (harvesters) Fella-Werke Challenger Tractor
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