Overview

• Eric P Hansotia publicly credited Sudarshan Venu with facilitating the resolution during AGCO’s Q2 earnings call.
• Hansotia linked the agreement to AGCO’s broader capital allocation shift and highlighted a new $1 billion share repurchase program.
• TAFE chairperson Mallika Srinivasan affirmed that the deal preserves their long partnership and commits to supporting AGCO as an engaged shareholder.
• The settlement ends a dispute that began in September 2024 when AGCO unilaterally terminated licensing and governance agreements with TAFE.
• Once approvals are secured, both AGCO and TAFE will pursue independent growth strategies in the Indian subcontinent’s tractor market.