AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, with tractor brands such as Massey Ferguson, Fendt and Valtra announced the completion on September 30, 2025, of its sale to Tractors and Farm Equipment Limited (“TAFE”) of AGCO’s ownership interest in TAFE, the Indian tractor manufacturer, for an aggregate amount of $260 million, with after-tax proceeds from the sale totalling approximately $230 million.
As part of the sale process, the substantive provisions of several previously disclosed agreements AGCO entered into with TAFE on June 30, 2025, became effective, and the Letter Agreement between AGCO and TAFE dated April 24, 2019, as most recently amended on July 7, 2025, expired.
