UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

Current Report
Dated November 3, 2010

of

AGCO CORPORATION

A Delaware Corporation
IRS Employer Identification No. 58-1960019
SEC File Number 1-12930

4205 River Green Parkway
Duluth, Georgia 30096
(770) 813-9200

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 1.01.		Entry into a Material Definitive Agreement.

The Company entered into a purchase agreement dated as of October 29, 2010, with ARGO SpA to acquire the remaining 50% of Laverda SpA. The purchase price is €65 million. The purchase agreement contains customary representations, warranties and closing conditions for this type of transaction. AGCO will own 100% of Laverda SpA, which includes the hay equipment business of Fella-Werke GmbH, once the approvals of relevant local competition authorities have been obtained and closing occurs. The Company expects the purchase to close in December 2010. A press release announcing the purchase agreement is attached hereto as Exhibit 99.1.

Item 9.01.		Exhibits.

The following exhibit is filed with this report:

99.1		Press release dated November 3, 2010.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: November 3, 2010

Exhibit Index

Exhibit No.		Description
99.1		Press release dated November 3, 2010.

Exhibit 99.1

		NEWS RELEASE For Immediate Release
MEDIA CONTACT:		INVESTOR CONTACT:
Rebecca Fabian		David Williams
Stockheim Media Inc.		Vice President and Treasurer
212-490-4825		770-813-6143
rf@stockheim-media.com		David.Williams@AGCOcorp.com

AGCO GROWS HARVESTING BUSINESS WITH ACQUISTION OF REMAINING SHARE OF LAVERDA S.p.A

     DULUTH, GA — November 3 — AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, today announced that it has agreed to acquire the remaining 50% stake in Laverda S.p.A from the Italian ARGO Group for €65 million. Under the new agreement with ARGO, AGCO will take 100% ownership of Laverda, which also includes Fella-Werke GmbH, a Germany-based manufacturer of grass and hay machinery once competition authority approval is obtained. The transaction is expected to close before the end of 2010.

     This acquisition builds upon the successful joint venture operation established with ARGO in 2007, in which AGCO acquired a 50% share in Laverda S.p.A. Laverda is based in Breganze, Italy and has been producing combines under AGCO’s Challenger^®, Fendt^® and^® Massey Ferguson^® brands since 2004. It also manufactures combines under the Laverda^® brand. The Breganze facility, one of the most modern and efficient farm machinery production complexes in Europe, serves as AGCO’s sole European combine production facility.

     “This new step underlines AGCO’s long-term strategy to accelerate the development of its harvesting business,” stated Martin Richenhagen, AGCO’s Chairman, President and Chief Executive Officer. “The acquisition of the remainder of Laverda further strengthens AGCO’s base of resources in Europe. We are very glad to be able to continue our commitment to harvesting by having full control of the Laverda^® brand and the Breganze facility. AGCO remains committed to the Laverda brand and Laverda customers and is looking forward to developing the brand to its full potential.”

CHALLENGER • FENDT • MASSEY FERGUSON • VALTRA

Safe Harbor Statement

Statements which are not historical facts, including expectations regarding the development of the Laverda brand and the harvesting business, are forward-looking and subject to risks that could cause actual results to differ materially from those suggested by the statements. These risks include possible declines in demand for products as a result of weather, demand and other conditions that impact farm income, actions by producers of competitive products, and the general risks attendant to acquisitions. Further information concerning these and other factors is included in AGCO’s filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2009. AGCO disclaims any obligation to update any forward-looking statements except as required by law.

About AGCO

AGCO, Your Agriculture Company (NYSE: AGCO), was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, implements and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger^®, Fendt^®, Massey Ferguson^® and Valtra^®, and are distributed globally through more than 2,700 independent dealers and distributors, in more than 140 countries worldwide. Financing is available through AGCO Finance.. AGCO is headquartered in Duluth, Georgia, USA. In 2009, AGCO had net sales of $6.6 billion. Please visit our website at http://www.AGCOcorp.com.

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