American agricultural machinery manufacturer From Wikipedia, the free encyclopedia
AGCO Corporation is an American agricultural equipment manufacturer. Their headquarters are in Duluth, Georgia, United States.
| |
| Formerly | Gleaner-Allis Corporation, Allis-Gleaner Corporation |
|---|---|
| Company type | Public |
| NYSE: 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 |
|
| 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$ 7.41 billion (2016)[1] |
| US$ 288.4 million (2016)[1] | |
| US$ 160.2 million (2016)[1] | |
| Total assets |  US$ 7.17 billion (2016)[1] |
| Total equity | US$ 2.84 billion (2016)[1] |
Number of employees | 20,462 [2] (2017) |
| Website | www |
AGCO was created in 1990 when executives at Deutz-Allis bought out Deutz-Allis North American operations from the parent corporation KHD (Klöckner-Humboldt-Deutz). KHD was a German company that owned the Deutz-Fahr brand of agriculture equipment. KHD had bought parts of the Allis-Chalmers agricultural equipment business five years earlier.[3]
In March 1991, AGCO bought the Hesston Corporation.[4][5] Because of this, they gained 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.[6] Hesston had a 50 percent joint venture with Case International, now a part of CNH Global. AGCO bought the White Tractor line from the Allied Corporation's White-New Idea company.[7] In 1993, AGCO bought the rest of White-New Idea,[8] gaining New Idea hay equipment and manure spreaders, and White planters. White New Idea had a big manufacturing plant in Coldwater, Ohio, USA.
In 2013, AGCO’s GSI acquired Johnson System, a manufacturer of catwalks and towers.[9]
In 2017, AGCO acquired Precision Planting, LLC, a planting equipment and technology business.[10]
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