AGCO
 |
|
|
Formerly called
|
Gleaner-Allis Corporation, Allis-Gleaner Corporation |
|---|---|
| Public | |
| Traded as | : AGCO S&P 400 Component |
| Industry | Manufacturer |
| Predecessor | Allis-Chalmers 1909–1985, Deutz-Allis 1985–1990 |
| Founded | 1990 |
| Headquarters |
Duluth, Georgia United States |
|
Area served
|
Worldwide |
|
Key people
|
Martin H. Richenhagen (President & CEO) |
| Products |
Agricultural equipment Tractors Combines Self-propelled sprayers Hay tools Forage equipment Seeding & Tillage equipment Diesel engines List of brands |
| Services | Parts, Service, Finance |
| Revenue |
 US$ 10.786 billion (2013) |
|
US$ 610.3 million (2011) |
|
|
US$ 585.3 million (2011) |
|
| Total assets |
US$ 7.2572 billion (2011) |
| Total equity |
US$ 3.0312 billion (2011) |
|
Number of employees
|
17,366 (2011) |
| Website | www |
AGCO Corporation is an American agricultural equipment manufacturer based in Duluth, Georgia, United States.
AGCO was established in 1990 when executives at Deutz-Allis bought out Deutz-Allis North American operations from the parent corporation KHD, (Klöckner-Humboldt-Deutz), a German company that owned the Deutz-Fahr brand of agriculture equipment. KHD had purchased portions of the Allis-Chalmers agricultural equipment business five years earlier.
The company was first called Gleaner-Allis Corporation, then rearranged to be Allis-Gleaner Corporation, or AGCO. The Deutz-Allis line of tractors were renamed AGCO-Allis, and Gleaner became a brand of its own for combines. The Deutz-Allis brand continued in South America until 2001, when they were renamed AGCO-Allis. In 2001, AGCO Allis was renamed AGCO in North America.
In March 1991, AGCO purchased the Hesston Corporation gaining hay and forage equipment as well as technologies such as the grain auger (used to unload grain quickly from combines), invented in 1947 by Lyle Yost. Hesston had a 50 percent joint venture with Case International, now a part of CNH Global. AGCO purchased the White Tractor line from the Allied Corporation's White-New Idea company. In 1993, AGCO purchased the remainder of White-New Idea, gaining New Idea hay equipment and manure spreaders, and White planters. White New Idea had a large manufacturing plant operating in Coldwater, Ohio, USA.
Also in 1993, AGCO purchased the North American distribution rights to Massey Ferguson, a worldwide agricultural equipment company. In 1994, they purchased McConnell Tractors, manufacturer of the large articulated Massey Ferguson tractors. AGCO developed the Agcostar line of articulated tractors. Later in 1994, the Black Machine line of planters was purchased.
...
Wikipedia