AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, is launching a new retail finance program for its customers in Central Europe. “The introduction of a retail finance program through our AGCO Finance brand has been a key objective given the lack of flexible financing solutions in some Central European countries,” explained Eric Raby, Vice President, Global Marketing & Commercial Development. “Customers asked for it, and we are delighted to offer financial solutions that will help them to acquire the right equipment to grow their business.”
AGCO Finance offers comprehensive retail financing to customers buying tractors, combine harvesters and other farm equipment with flexibility to meet the individual needs of professional farmers. Similar retail finance programs exist in Western Europe, the United States, Canada, Australia and Brazil.
The Central European program will initially be available to customers in the Czech Republic and Slovakia in co-operation with AGCO’s partners Deutsche Leasing, IKB Leasing and SocGen Equipment Finance; in Romania with IKB Leasing and Deutsche Leasing; and in Bulgaria with Deutsche Leasing and Raiffeisen Leasing. AGCO will work closely with these partners to find the best financial solutions for our customers. Eventually, AGCO plans to offer retail financing programs in additional Central European, Baltic and Balkan countries, allowing further growth of its distribution and market share in these areas.
ABOUT AGCOAGCO, 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. www.AGCOcorp.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV