• Categories
  • Archives

Brazil Approves Purchase of Valtra by AGCO

U.S.-based AGCO Corporation, a global manufacturer and distributor of agricultural equipment, announced today that it has received formal approval from the Brazilian competition authority related to AGCO’s purchase of Valtra.

AGCO purchased Valtra, including the Brazilian operations, in January 2004. This approval allows AGCO to maintain its ownership without conditions or restrictions.


“We are pleased to have successfully completed the final stage of the approval process in Brazil,” stated Martin Richenhagen, President and Chief Executive Officer.


“Our efforts are now focused on further integration of the Valtra operations into the AGCO organization and enhancing value of the Valtra business on a worldwide basis.”


AGCO Corporation, headquartered in Duluth, Georgia, is a global designer, manufacturer and distributor of agricultural equipment and related replacement parts.


AGCO products are distributed in more than 140 countries. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements through more than 3,900 independent dealers and distributors around the world.


AGCO products are distributed under the various well-known brand names AGCO, Challenger, Fendt, Gleaner, Hesston, Massey Ferguson, New Idea, RoGator, Spra-Coupe, Sunflower, TerraGator, Valtra, and White Planters.


AGCO provides retail financing through AGCO Finance in North America and through Agricredit in Australia, the United Kingdom, France, Germany, Ireland, and Brazil.


In 2004, AGCO had net sales of US$5.3 billion.


AGCO Corporation
www.agcocorp.com.


Business Wire

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

A Plan to Alleviate Brazil’s Favela Plight

In the second half of this year, Brazil’s Ministry of Cities will begin to ...

Brazil’s Fruit Exports Jump 10% to 851 Tons

Brazil’s fruit producers reached the end of 2004 with record exports worth US$ 370 ...

Brazil: Bankruptcy-Plagued Varig Hires US Firm Savvy on Distressed Airlines

Global professional services firm Alvarez & Marsal, which specializes in turnarounds and restructurings, announced ...

Brazil Government Expands Stake on Petrobras, World’s 4th Largest Company

The megacapitalization of Brazil’s state-controlled oil and gas multinational, Petrobrás, has resulted in an ...

Brazil Ships 13,000 Live Cattle to Lebanon

Another 13,000 live cattle were embarked, Wednesday, November 2, from the port of Rio ...

By Advertising Reading, Brazil Is Trying to Sell Meat to Vegetarians

Finally, a Brazilian administration has perceived that it must promote reading in Brazil with ...

Brazilians in Boston Invited to Hear About That Fish That Got Away

The New England Aquarium in Boston is having a special event on September 24 ...

The Ball Game

CDs or Books by Keyword, Title or Author By John Miller Bus adventures continued ...

No Other Businessman Beats the Brazilian in Optimism

To believe a survey conducted by international consultancy firm KPMG, Brazilian businessmen are the ...

A Lesson Brazil Is Learning: We Are the Wealth

Recently, the United Nations Development Program (UNDP) held a meeting in Cairo, Egypt, to ...