In 2015, AGCO Corporation celebrates its 25th anniversary. Over the years of its development, AGCO has rightfully won a leading position in the market and has become one of the world's largest manufacturers and distributors of a wide range of agricultural machinery and equipment. For a quarter of a century, thanks to AGCO innovative solutions, farmers around the world have access to high-performance machinery and equipment, as well as after-sales service at the highest level.
The history of the corporation began in 1990, when Robert J. Ratliff, then president and chief executive officer of the Deutz-Allis agricultural machinery company, and his partner John Shumade, decided to buy out Deutz-Allis assets, owned by the West German company KHD. As a result of this decision, a new promising player appeared on the world market - AGCO Corporation.
In the first few years of its existence, AGCO managed to become a transnational corporation offering machinery and equipment of leading international brands. Since 1990, AGCO has grown rapidly and developed, investing more than $ 1.4 billion in asset purchases, including Challenger, Fendt, Massey Ferguson, Valtra and GSI. Each of them has centuries of experience in creating the best machines and equipment for agricultural development.
The first to join the AGCO in 1994 was one of the leading global agricultural machinery brands - Massey Ferguson. It was Massey Ferguson who, for the first time in the world, produced a self-propelled combine harvester, an electronically controlled rear linkage tractor (ELC). In addition, Massey Ferguson machines were the first to be equipped with engines with SCR technology, which provides a lower content of harmful substances in the exhaust gases. Over the entire more than 150-year history of the brand, more than 5 million tractors and 500 thousand combines have been produced. Currently, under the Massey Ferguson brand, about 200 thousand tractors are produced annually, which are popular with farmers around the world.
Another brand, Fendt, a technology leader in the agricultural equipment market, was acquired by AGCO in 1997. The legendary Dieselross F22 tractors, which opened a new era in tractor production, brought the brand international recognition and popularity. Today, Fendt is a unique, innovative technology that combines the highest quality and the latest technological developments.
In 2000, the Challenger brand appeared in the AGCO product portfolio. Today, under this brand, farmers are offered modern and high-performance agricultural machinery and equipment that has already won the hearts of many farmers. Challenger tractors were the first and remain the only machines designed specifically for use with rubber-metal tracks. The Challenger range also offers self-propelled sprayers and fertilizer spreaders, tillage equipment and attachments.
In 2003, the Valtra brand joined the AGCO brand family, offering Russian customers solutions primarily for road and public works. Valtra tractors, combining traditional Finnish endurance and versatility, are manufactured to order and have proven themselves when working in the most severe climatic conditions.
For a very short period of work of AGCO in the Russian market, a large dealer network has been created, which includes more than 40 dealerships throughout the country. Since 2015, AGCO Corporation in Russia has been represented by JV AGCO-RM, a joint venture with the Russian corporation Russian Machines, which combines the engineering assets of the Basic Element industrial group.
Martin Richenhagen, Chairman of the Board of Directors, President and CEO of AGCO:
- For a quarter of a century, AGCO Corporation has been doing everything possible to help farmers solve one of the most difficult tasks facing our planet - to provide the world with food. To this end, we develop, manufacture and support machinery and equipment to increase the efficiency and productivity of farms around the world. For 25 years, AGCO Corporation has achieved significant success and is today one of the largest manufacturers of agricultural machinery, and we are very proud of the results achieved.