Source: AGCO Corp.

AGCO Corp. announced a strategic partnership between AGCO and Topcon Positioning Systems.

The partnership will provide high-performing machine control, machine management and precision farming technology products and services to the global agricultural machinery market. Products will reach the market faster by combining AGCO's equipment, customer base and agricultural industry knowledge with research and development from TPS, the company said.

"The AGCO and Topcon partnership is a strategic initiative designed to help AGCO deliver on its vision of providing high-tech solutions for professional farmers feeding the world," said Martin Richenhagen, chairman, president and chief executive officer of AGCO. "The strength of AGCO's brands of agricultural equipment combined with Topcon Positioning Systems' proven technology products will provide numerous benefits to farmers looking for the latest products to make them more effective, efficient, environmentally responsible and ultimately, more profitable."

AGCO is supported by its Advanced Technology Solutions, which specializes in the areas of machine control, machine management and precision farming for its core global brands - Challenger, Fendt, Massey Ferguson and Valtra.

"The partnership between TPS and AGCO 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."

Topcon is a global developer and manufacturer of precision positioning equipment and offers the widest selection of precision GPS systems, laser, optical surveying and machine control products.