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03/13/2004

AGCO Corporation is a world leader in designing, manufacturing, marketing, and distributing of agricultural equipment.

Sold in more than 140 countries by over 8,000 dealers, AGCO produces and markets 22 brands with over a millennium of combined heritage.

The cornerstone of our growth strategy is our global diversity, multiple brands and distribution strength with a keen focus on leading edge technology and superior customer service.

AGCO was formed in the management buyout of Deutz Allis, and began manufacturing and distributing farm equipment under the AGCO® Allis and GLEANER® brand names.
1991	AGCO purchased Hesston Corporation, a leading North American brand of hay tools and a 50% participation in the manufacturing joint venture with Case International, known as Hay and Forage Industries (HFI). In mid-year, AGCO purchased the White tractor business from Allied Products. Both acquisitions expanded the AGCO dealer network, while the brand identities were retained.
1992	AGCO provided an initial public offering of one-half of its stock and became listed on NASDAQ. Subsequently, it became listed on the NYSE under the symbol “AG” in 1994.
1993	AGCO purchased the White-New Idea business of planters, hay tools and spreaders as well as the Coldwater, Ohio manufacturing facility. AGCO purchased the North American distribution rights to Massey Ferguson® products and 50% of a joint venture established for Agricredit Acceptance Corporation. The Massey Ferguson® acquisition expanded the AGCO North American dealer network by over 1,000 dealers.
1994	AGCO purchased the worldwide holdings of Massey Ferguson®, ensuring AGCO’s global status, and the remaining 50% joint interest in Agricredit Acceptance Corporation. In the same year, AGCO purchased McConnell tractors leading to the development of the AGCOSTAR® articulated tractor line and Black Machine, giving AGCO a unique planter frameline.
1995	AGCO purchased the AgEquipment Group, makers and marketers of Glencoe®, Tye®, and Farmhand® agricultural implements and tillage equipment.
1996	AGCO acquired the Iochpe-Maxion agricultural equipment company in Brazil, the number one market leader in tractors with the Massey Ferguson brand. AGCO also purchased Deutz Argentina, S.A., the number one market share leader in tractors in Argentina. AGCO purchased Western Combine Corporation and Portage Manufacturing, Inc. in Canada to expand the Massey Ferguson® combine business. AGCO also added Rabobank Nederland as its joint venture partner in Agricredit, its finance subsidiary in North America.
1997	AGCO made a major acquisition of Fendt GmbH, the leading German tractor business and enhanced its availability to the world’s most advanced tractor technology. Fendt is renown for its technology and international market share leadership. AGCO also acquired Dronningborg Industries, the leader in European precision farming technology.
1998	AGCO created a joint venture with Deutz AG to produce engines in Argentina. AGCO also purchased Spra-Coupe® and Willmar®, two leading companies in the agricultural sprayer market and merged them into one manufacturing plant in Willmar, Minnesota. AGCO adjusted its stock issued to 59,000,000 shares and led the industry in asset rationalization for a cyclical downturn.
1999	AGCO announces the creation of AGCO Finance, a new and dedicated financing organization. Formed in association with De Lage Landen (DLL), a subsidiary of Rabobank, AGCO Finance's primary goal is to strengthen and enhance AGCO's North American wholesale and retail finance activities.
2000	AGCO completes purchase of Hay and Forage Industries in Hesston, Kansas, solidifying its planned strategy to achieve efficient manufacturing rationalization by consolidating major operations in North America.
2001	AGCO acquires Ag-Chem Equipment Co., Inc., a leading manufacturer and distributor of specialized off-road heavy equipment for agricultural and industrial application, giving AGCO the leading position in the self-propelled sprayer market.
2002	AGCO acquires Caterpillar Inc.'s agricultural equipment business, primarily the design, assembly and marketing of their Challenger track tractors. In late 2002, AGCO acquired the assets of Sunflower Manufacturing Company Inc., a leading producer of tillage, seeding and specialty harvesting equipment. Sunflower, with its significant reputation in the North American market, is anticipated that the product line technology can be expanded for use on the Challenger track tractor high horsepower products.