AGCO And DEUTZ Sign New Strategic Partnership

(f. l. t. r.) Michael Wellenzohn (Member of the Board of Management DEUTZ), Eric Hansotia (Chairman, President and CEO AGCO), Dr.-Ing. Frank Hiller (Chairman of the Board of Management DEUTZ), Torsten Dehner (Senior Vice President Fendt & Valtra Global)

• Long-term supply agreement of DEUTZ engines for selected Fendt series
• Research and development cooperation in electric drives and alternative fuels
• Exploratory talks on strategic cooperation with AGCO for engines under 150 hp

AGCO and DEUTZ 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. It also entails 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."