AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, announced the completion on September 30, 2025, of its sale to Tractors and Farm Equipment Limited ("TAFE") of AGCO's ownership interest in TAFE for an aggregate amount of $260 million, with after-tax proceeds from the sale totaling 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.
Details of the agreements can be found here, which also were filed with the U.S. Securities and Exchange Commission on July 1, 2025, as exhibits to a Form 8-K filing.
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