Siegfried Wolf, Chairman of Russian Machines commented, “We believe that the combination of AGCO's technology driven products with Russian Machine’s local production capabilities will lead to a highly successful business operation that will enhance the shareholder value of both companies."
AGCO, Your Agriculture Company, (NYSE: AGCO), is a global leader focused on the design, manufacture and distribution of agricultural machinery. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, grain storage and protein production systems, as well as related replacement parts. AGCO products are sold through five core machinery brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra® and are distributed globally through 3,150 independent dealers and distributors in more than 140 countries worldwide. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2012, AGCO had net sales of $10 billion.
ABOUT RUSSIAN MACHINES
Russian Machines – a major Russian diversified corporation which is part of Basic Element Group. Russian Machines comprises industrial and engineering assets in such segments as automotive OEM, automotive components, rail industry, aircraft OEM, road construction machinery and military vehicles. The corporation includes 24 enterprises located in 12 regions throughout Russia and employs over 68000 people. The official corporate internet site is
Safe Harbor Statement
Statements which are not historical facts, including expectations regarding the development, productions and sales of products in this region, are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include possible declines in demand for products as a result of weather, demand and other conditions that impact farm income, actions by producers of competitive products, and the general risks attendant to acquisitions. Further information concerning these and other factors is included in AGCO’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2012. AGCO disclaims any obligation to update any forward-looking statements except as required by law.