AGCO Corporation acquired Massey Ferguson.
The Acquisition of Massey Ferguson
In a significant move within the agricultural machinery industry, AGCO Corporation, a company based in the United States, purchased Massey Ferguson's worldwide holdings. This major transaction occurred in 1994. The acquisition solidified AGCO's position as a prominent player in the global agricultural equipment market.
The terms of the buyout involved a substantial financial commitment from AGCO. The deal was valued at US$328 million in cash, complemented by an additional $18 million in stock. This comprehensive acquisition meant that Massey Ferguson, a renowned brand with a long history, became part of the AGCO family of brands.
Key Details of the Transaction
The table below summarizes the core aspects of the acquisition:
| Detail | Description |
|---|---|
| Acquiring Company | AGCO Corporation |
| Acquired Entity | Massey Ferguson's worldwide holdings |
| Year of Acquisition | 1994 |
| Transaction Value | US$328 million in cash + $18 million in stock |
| Acquirer's Origin | United States–based |
About AGCO Corporation
AGCO Corporation is a global leader in the design, manufacture, and distribution of agricultural machinery and precision farming technology. Headquartered in Duluth, Georgia, USA, AGCO operates through a diverse portfolio of brands, serving farmers worldwide with a full line of tractors, combines, hay tools, sprayers, forage equipment, and more.
The Legacy of Massey Ferguson
Massey Ferguson is a globally recognized brand of agricultural machinery, originating from the merger of two prominent North American companies, Massey-Harris and Harry Ferguson. Known for its iconic red tractors, Massey Ferguson has a rich history of innovation and reliability, contributing significantly to agricultural mechanization across continents. Despite the acquisition, the Massey Ferguson brand continues to thrive under AGCO's stewardship, maintaining its distinct identity and market presence.
