AGCO and DEUTZ sign new strategic partnership

• AGCO and DEUTZ have agreed on a new, long-term strategic partnership that establishes supply security, predictability and reliability for both companies and their customers

 

The partnership includes a supply agreement for updated 6.1 liter and 4.1 liter

engines to be used in selected Fendt tractors. The partnership also includes

development cooperation on future technologies. In addition, AGCO and DEUTZ will

explore closer cooperation on engines or engine installation components below 150

hp.

 

Eric Hansotia, Chairman, President and CEO of AGCO: “The Corona pandemic and

its related impact on world commodity flows and global supply chains has reinforced

the importance of strong, cooperative relationships with suppliers. DEUTZ has been

a trusted partner for years and we look forward to continuing to strengthen our

relationship.”

 

Frank Hiller, CEO of DEUTZ: “We are delighted about the trust that AGCO has

placed in us. AGCO has been one of our best customers for decades. We are

extremely pleased that we are now contractually securing a common future in the

long term.”