AGCO Forges Joint Engineering Agreement with Comer Industries

AGCO (NYSE: AGCO) a global leader in the design, manufacture and distribution of agricultural machinery and solutions, today announced a joint engineering agreement with Comer Industries (Borsa Italiana SPA: COM) a global player in the design and production of advanced engineering systems and mechatronic solutions for power transmissions.  Over the coming years, the companies will jointly investigate innovative solutions for future generations of front axles.

"AGCO is committed to keep leading the way in innovative yet cost-competitive and reliable technical solutions,” commented Josip T. Tomasevic, AGCO Senior Vice President and Chief Procurement Officer. "Comer Industries is among our first suppliers to achieve the prestigious AGCO Partner Level status. Comer Industries represents the natural choice when it comes to co-design and early supplier integration into new projects.”

"Fendt, Massey Ferguson and Valtra are recognized technology leaders in the agricultural market. We are thus honored to be AGCO’s partner in a complex domain such as axles and power transmissions,” remarked Matteo Storchi, President and CEO of Comer Industries. “The whole development team at Comer Industries is excited for this exceptional collaboration opportunity and fully committed to provide superior, competitive products and services to AGCO.”