AGCO Corporation is the world's third largest manufacturer and distributor of tractors and other farm equipment (behind Deere & Company and CNH Global N.V.). Through its extensive network of more than 9,200 dealers serving more than 140 countries, AGCO builds and distributes products under brands that include AGCO, Ag-Chem, Challenger, Fendt, Gleaner, Hesston, Massey Ferguson, Valtra, and White, among others. AGCO has achieved explosive growth since 1990 through savvy business management and by acquiring competitors.
Although AGCO itself was not created until 1990, the company boasts a rich history of success and innovation in the farm machinery industry. In fact, AGCO is the successor to Deutz-Allis Corp., which was formed in 1985 when Klöckner-Humboldt-Deutz AG purchased the agricultural unit of Allis-Chalmers Corp. In 1990 Klöckner spun off Deutz-Allis to a group of executives who formed AGCO. Thus, AGCO is effectively the offspring of the renowned Allis-Chalmers Corp.