AGCO and Deutz Sign Long-Term Strategic Supply Partnership
AGCO and Deutz last week agreed on a new, long-term strategic partnership that establishes supply security, predictability and reliability for both companies and their customers. The partnership includes a supply agreement for updated 6.1-liter and 4.1-liter engines to be used in selected Fendt tractors. The companies plan research and development cooperation in electric drives and alternative fuels.
The agreement also entails development cooperation on future technologies. In addition, AGCO and Deutz will explore closer cooperation on engines or engine installation components below 150 hp. Eric Hansotia, chairman, president and CEO of AGCO said: "The Corona pandemic and its related impact on world commodity flows and global supply chains has reinforced the importance of strong, cooperative relationships with suppliers. Deutz has been a trusted partner for years and we look forward to continuing to strengthen our relationship.”
"We are delighted about the trust that AGCO has placed in us,” said Frank Hiller, CEO of Deutz. “AGCO has been one of our best customers for decades. We are extremely pleased that we are now contractually securing a common future in the long term.”
Photo, from left: Michael Wellenzohn (member of the board of management Deutz), Eric Hansotia (chairman, president and CEO AGCO), Dr.-Ing. Frank Hiller (chairman of the board of management Deutz), Torsten Dehner (senior vice president Fendt & Valtra Global)About the Author
Michael Roth
Editor
Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.