AGCO – PARENT company for Massey Ferguson, Fendt, Valtra and Challenger – has announced that it is to move its European headquarters from Coventry to a new base near Stoneleigh, Warks.

This signals the end of company’s connection with the legendary Banner Lane factory site, which was bought last year by developer Persimmon.

Originally known as Stoneleigh Deer Park, the Abbey Park site will play host to the UK operations for all Agco brands, including Valtra which will move from Runcorn, Cheshire later this year.