US Edition
TAFE Buys Back AGCO Stake for $260 Million, Ends 15-Month Dispute
INDIA, JUL 01 – The settlement ends a nearly 20-year partnership dispute as TAFE repurchases AGCO’s 20.7% equity stake for $260 million and gains exclusive Massey Ferguson brand rights in India, Nepal, and Bhutan.
- On July 1, 2025, in Chennai, TAFE announced a comprehensive settlement with AGCO on brand, commercial issues and shareholding.
- Following the dispute's escalation in September 2024, AGCO Corporation terminated agreements, including the Massey Ferguson brand license and distributor contracts for India, Nepal, and Bhutan, leading to the settlement.
- With governance terms agreed, TAFE will vote its shares according to AGCO’s Board recommendations, and TAFE will buy back AGCO’s 20.7% stake for $260 million.
- With disputes resolved, TAFE retains sole brand rights while litigation is closed, securing exclusive ownership of the Massey Ferguson brand in India, Nepal and Bhutan.
- Both companies pledge to maintain a constructive relationship moving forward, as this move positions TAFE for focused independent growth with stronger brand autonomy in the global agricultural machinery market.
15 Articles
15 Articles
Tafe settles with AGCO, will own brand Massey Ferguson
As part of the settlement, ownership of Massey Ferguson brand will rest with TAFE as the sole and exclusive owner for India, Nepal and Bhutan including all rights, title and interest in “Massey Ferguson” and related trademarks and all goodwill associated therewith, TAFE said.
The Print
Green Stock NewsTAFE and AGCO Reach Comprehensive Settlement Covering Brand Rights, Commercials and Shareholding
BusinessWire India Chennai (Tamil Nadu) [India], July 1: TAFE, one of the world’s largest manufacturers of tractors and farm equipment, announced today that a comprehensive settlement and resolution has been reached with AGCO on all matters relating to brand, commercial issues and shareholding. Show Full Article The settlement encompasses the following key features: * Ownership […]
TAFE settles feud with American company AGCO over Massey Ferguson brand
Tractors and Farm Equipment Ltd (TAFE) on Tuesday announced a comprehensive out-of-court settlement with US-based AGCO Corporation on all matters relating to the Massey Ferguson brand, commercial issues and shareholding, ending their corporate feud.
Coverage Details
Bias Distribution
- 44% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium