AGCO Opens New Headquarters for European and Asia Pacific Regions

Posted on August 29, 2007

AGCO Corp. said it has opened a new European headquarters in Schaffhausen, Switzerland. "AGCO is following an aggressive growth strategy and the new headquarters, in the very heart of Europe, will manage and control key strategic initiatives to continue our global growth strategy," said Gary Collar, senior vice president and general manager Europe, Africa, Middle East (EAME) and East Asia Pacific (EAPAC). The new offices will serve as a center for the management of the company's business throughout the EAME and EAPAC region. Duluth, Ga. will remain the worldwide headquarters of the company.

AGCO's four core brands, Fendt, Massey Ferguson, Valtra and Challenger will have the responsible brand managers coordinating their activities in the new AGCO offices. Employees will begin relocating to the new headquarters during 2007, with all key business functions being handled from this office by 2010.