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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Dated November 5, 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 November 4, 2010, with Rubicon
Partners Industries LLP to acquire the entire issued share capital of Sparex Holdings Limited and
its subsidiaries. The purchase price is £53 million. The purchase agreement contains customary
representations, warranties and closing conditions. AGCO will own 100% of Sparex Holdings Limited
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:
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99.1 |
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Press release dated November 5, 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.
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AGCO Corporation
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By: |
/s/ Andrew H. Beck |
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Andrew H. Beck |
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Senior Vice President and Chief Financial Officer |
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Dated: November 5, 2010
Exhibit Index
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Exhibit No. |
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Description |
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99.1 |
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Press release dated November 5, 2010. |
exv99w1
Exhibit 99.1
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NEWS RELEASE
For Immediate Release |
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MEDIA CONTACT:
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INVESTOR CONTACT: |
Rebecca Fabian
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David Williams |
Stockheim Media
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Vice President and Treasurer |
212-490-4825
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770-813-6143 |
rf@stockheim-media.com
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David.Williams@AGCOcorp.com |
AGCO EXPANDS PARTS BUSINESS WITH ACQUISTION OF
SPAREX HOLDINGS LTD
DULUTH, GA November 5 AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide
manufacturer and distributor of agricultural equipment, today announced that it has agreed to
acquire Sparex Holdings Ltd and its trading subsidiaries from Rubicon Partners Industries LLP for
£53 million. Sparex is a leading independent, global distributor of accessories and
tractor replacement parts serving the agricultural aftermarket. Headquartered in Exeter, United
Kingdom, Sparex has operations in 17 countries and exports to over 75 countries. The transaction
is expected to close before the end of 2010 once competition authority approval is obtained.
Sparex is an excellent fit with AGCO and will allow us to extend our reach in the
agricultural aftermarket and provide our customers with an even wider range of products and
services, stated Martin Richenhagen, AGCOs Chairman, President and Chief Executive Officer.
Sparex will continue to trade as an independent business and market their products through
existing channels.
Safe Harbor Statement
Statements which are not historical facts, including expectations regarding the development of the
Sparex brand and the agricultural aftermarket, 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 AGCOs 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.
CHALLENGER · FENDT · MASSEY FERGUSON · VALTRA
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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