Corn+Soybean Digest

Caterpillar To Sell Tractor Line To AGCO

AGCO Corp. has signed an agreement with Caterpillar Inc., to acquire Cat's design, assembly and marketing of its new MT Series of Caterpillar Challenger high-tech farm tractors.

“This agreement enables us to focus our efforts on those areas where we can add the highest value — engines, drivetrains, electronics and technology development,” says Robert Macier, a Caterpillar vice president.

“It also offers Caterpillar the opportunity to provide additional engines and other components to AGCO — a leading global supplier of ag equipment,” he adds.

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