Agco has bought a 50% share of Laverda from the Italian harvester and baler specialist’s parent company Argo.
The deal, which is still subject to approval from European competition authorities, follows an agreement set up in 2004 which
saw Laverda supplying Agco with combine harvesters.
past few years has given us the confidence to establish a broader agreement”, explains Gary Collar, Agco’s senior vice-president and general manager for Europe,
This new arrangement also extends to balers and grass kit. Agco now holds control of half of Laverda subsidiary Fella-Werke, a German manufacturer of grass and hay machinery and a 50 % stake in Italian firm Gallignani, which already supplies Massey Ferguson with round-balers.
*Argo is the Italian parent company of McCormick, Landini and Laverda (which also owns Fella and Gallignani)
*Agco brands include Massey Ferguson, Valtra, Fendt and Challenger as well as Hesston, Terra-Gator and AgChem