Friday, 17 October 2025 10:55

AGCO and TAFE conclude commercial partnership with $260m share buyback

Written by Staff Reporters

font size decrease font size increase font size
Print
Email

Ownership of the “MF” brand will rest with TAFE on an exclusive basis in India, Nepal and Bhutan.

AGCO Corp has agreed with TAFE to resolve all outstanding disputes and matters related to their commercial relationship.

Key terms mean all commercial agreements will cease, with agreed wind-down provisions.

Ownership of the “MF” brand will rest with TAFE on an exclusive basis in India, Nepal and Bhutan.

In addition, TAFE has agreed to participate in future share repurchase programs that AGCO executes but retains the right to maintain but not exceed its current ownership level of 16.3%.

TAFE will no longer be entitled to nominate a representative to the AGCO board of directors and AGCO’s director on TAFE’s board will step down.

TAFE will also repurchase AGCO’s current shareholding in TAFE for an aggregate amount of $260m.

Published in Machinery & Products

More like this

Fendt Ideal 2027: New Separation Area & Spreader Kit

Updates to the latest models of AGCO Group’s Fendt Ideal headers for 2027 sees a greater separation area and a new straw and chaff spreader kit.

Valtra Reaches 1000th CVT Transmission Milestone

AGCO’s Valtra brand has announced a production milestone at its Suolahti, Finland, factory with the completion of the 1000th AGCO continuously variable transmission (CVT).

Massey Ferguson Unveils New Tractors at Fieldays

Long-term exhibitor at Fieldays, AGCO and its Massey Ferguson brand, have several new products on display.

Massey Ferguson Reveals Ethanol-Powered Tractor Engine Concept at Agrishow 2026

Given that current diesel pricing is a bit like a ride on a fairground roller coaster, it should be no surprise to hear that manufacturers are looking for alternatives.

Massey Ferguson and Eicher Drive Record Growth for TAFE in 2026

Having gone through a troublesome “divorce” from its association and part ownership of AGCO, Indian manufacturer TAFE is said to be determined to be seen as a modern business rather than just another tractor maker from the developing world.

Featured

Farmlands Lifts More Than Doubles Pre-Tax Profit

Farmlands has reported higher operating earnings and a profit before income tax of $4.5 million, up 118.9%, for the year ended 30 June 2026.

AgriZeroNZ Backs Methane Vaccine and Low-Emissions Ryegrass

AgriZeroNZ has invested a further NZ$17.7 million in methane vaccine developer ArkeaBio and NZ$5.1 million in BioLumic, a New Zealand-founded company that uses ultraviolet light to develop low-emissions pasture..

Fonterra Lifts Farmgate Milk Price

Good news for Fonterra farmers. The co-op has raised this season’s farmgate milk price mid-point by 25c to $9.75/kgMS.

Editorial: Support Dairy

OPINION: Political parties are getting plenty of advice and recommendations from sector groups as the election approaches.

Nedap Pen Correction: Cutting False Heat Detections

In farming there are external factors that can influence behaviour of a whole herd, such as a bad weather event, triggering false positive heat detections or health attentions.

Canterbury Farmer Urges Peers to Back Meet the Need

For Canterbury dairy farmer Cameron Henderson, supporting Meet the Need comes down to a simple question: how can the success of New Zealand farming benefit more than just those within the industry?