Source: AGCO Corp.

AGCO Corp., a worldwide manufacturer and distributor of agricultural equipment, has selected Topcon Positioning Systems' Tierra remote asset management system as its sole global advanced telematics provider.

AGCO will market the technology under the AGCONNECT brand name. The multi-year agreement covers all AGCO equipment lines and is an expansion of a strategic partnership between AGCO and Topcon Positioning Systems that provides machine control, machine management and precision farming technology products and services to the global agricultural machinery market.

Tierra is the web portal through which all AGCONNECT information will flow. Topcon Positioning Systems formed its Telematics Business Unit in 2008.

Martin Richenhagen, Chairman, president and Chief Executive Officer of AGCO said, "AGCO is dedicated to integrating user-friendly advanced technology into our products to help our customers maximize the productivity of their equipment and become more efficient, more environmentally responsible and, ultimately, more profitable."

"The expansion of the relationship between AGCO and TPS will greatly benefit both companies, their customers and potential customers," said Ray O'Connor, president and CEO of Topcon Positioning Systems. "Using products resulting from the AGCO and TPS partnership, farmers will have access to the leading technology."