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Hesston 5670 round baler, in 2010. AGCO was established on June 20, 1990, when Robert J. Ratliff, John M. Shumejda, Edward R. Swingle, and James M. Seaver, who were executives at Deutz-Allis, bought out Deutz-Allis North American operations from the parent corporation Klöckner-Humboldt-Deutz AG (KHD), a German company which owned the Deutz-Fahr brand of agriculture equipment.
AGCO also went through many management changes; in 1988, there was a management buy-out where Peter Timmermann became the managing director and in 1999, Timmermann sold the company to a Dutch investing group (Netagco) who invested heavily in Fella. Netagco invested specifically in upgrading the old buildings as well as building a new assembly ...
Mahindra Tractors (India) Erkunt (Turkey)(part of Mahindra) ArmaTrac; Mahindra; Mitsubishi Agricultural Machinery (Japan)(own 33.3%) Trakstar (formerly Mahindra Gujarat and Shaktimaan brands) Mancel (France) Majevica (Serbia) Massey Ferguson (US)(part of AGCO Corporation) McCormick Tractors (Italy)(part of ARGO SpA) Millat (Pakistan)
Deutz-Allis tractors and equipment were renamed in North America to be AGCO-Allis, but continued in South America until 2001, when the South American operations were renamed AGCO-Allis. In Argentina , the company manufactured the Deutz-Allis 5.125 L [ 3 ] [ better source needed ] and the Deutz-Allis 5.190.
The first tractors actually used parts of cannon barrel for their subframes. [7] [8] The first tractor model was the Valmet 15, the model number indicating its horsepower. The tractor was designed to replace horses on small Finnish farms and in the forests. The upgraded Valmet 20 model followed in 1955. [9]
One of the largest [2] tractor manufacturer in the world and the second largest [1] in India by volumes, TAFE wields about 25% [3] market share of the Indian tractor industry with a sale of over 200,000 tractors [4] (domestic and international) annually. TAFE has partnered with AGCO Corporation and the Massey Ferguson brand for over 60 years.
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