DULUTH, Ga.--(BUSINESS WIRE)--Nov. 12, 2007--AGCO Corporation (NYSE: AG), a worldwide manufacturer and distributor of agricultural equipment, introduced the Fendt TRISIX Vario, the world's most innovative tractor, this week at Agritechnica, the world's largest agricultural equipment exhibition. AGCO unveiled its futuristic, high performance, triple axle tractor at this internationally renowned engineering exhibition in Hannover, Germany. Unlike any tractor on the market today, the technologically sophisticated, 540 hp concept showcases AGCO on the cutting edge of agricultural innovation.
"Introducing the TRISIX Vario at Agritechnica is only appropriate since German farmers have been the first to see and adopt other Fendt innovations considered futuristic in their own day," says Martin Richenhagen, Chairman, President and CEO of AGCO Corporation. "While the TRISIX Vario represents a new approach to tractor design, Agritechnica attendees will recognize familiar features like the continuously variable transmission, independent suspension and tractor management system. These features were first introduced by Fendt and have since been adopted throughout the industry. Fendt has earned an unsurpassed reputation for innovative engineering, and the TRISIX continues that tradition."
The powerful tractor is uniquely designed for the needs of modern agriculture. It measures nearly 25 ft. long, but only 9 ft. wide and it can safely travel between fields without restriction. With six drive wheels and two continuously variable transmissions, the TRISIX Vario can handle a wide range of applications on an equally wide range of field conditions. Plus, the three pairs of in-line wheels offer improved stability on slopes.
The combination of six wheels with independent suspension on three axles and infinitely variable speeds with the two CVT transmissions ensures never-before-experienced ride comfort and exceptional fuel efficiency. That same combination, along with the high performance braking system, also makes the TRISIX Vario the only tractor in excess of 300 hp capable of road speeds approaching 40 mph or more while transporting high payloads.
"The Fendt TRISIX Vario is a result of first class engineering from a high-tech and quality brand in the AGCO portfolio combined with a major investment by AGCO in research and development in recent years," says Richenhagen. "With the Fendt TRISIX Vario, we are planting seeds that will guarantee the long term growth of our company in this very dynamic industry."
Richenhagen noted that agricultural producers throughout the world are demanding innovative designs that increase their efficiency and productivity. He adds that AGCO Corporation is dedicated to meeting the challenges of this trend and offering solutions such as the TRISIX Vario.
"Agriculture is rapidly changing with the introduction of new technologies, continued growth in field and farm size and adoption of specialized equipment," says Richenhagen. "The TRISIX Vario concept represents the power, speed and versatility farmers need to keep pace with those changes."
Founded in 1990, AGCO Corporation (NYSE: AG) (www.agcocorp.com) is a global manufacturer of agricultural equipment and related replacement parts. AGCO offers a full product line including tractors, combines, hay tools, sprayers, forage, tillage equipment and implements, which are distributed through more than 3,200 independent dealers and distributors in more than 140 countries worldwide. AGCO products include the following well-known brands: AGCO(R), Challenger(R), Fendt(R), Gleaner(R), Hesston(R), Massey Ferguson(R), New Idea(R), RoGator(R), Spra-Coupe(R), Sunflower(R), Terra-Gator(R), Valtra(R), and White(TM) Planters. AGCO provides retail financing through AGCO Finance. The company is headquartered in Duluth, Georgia, and in 2006 had net sales of $5.4 billion.
CONTACT: AGCO Corporation
Nancy Klentak, 770-232-8209
Manager, Global Corporate Communications
Greg Peterson, 770-232-8229
Director, Investor Relations
SOURCE: AGCO Corporation