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Tractor auction provides aid for Africa

20.02.2012

Visitors to the Valtra stand at Agritechnica last November had the chance to use their creativity and help Africa at the same time.

The centrepiece of the stand was the new N113 HiTech tractor, which visitors could customise to their liking by adding their fingerprints and signatures in paint. Almost 6500 people took the opportunity to leave their mark.

The tractor will be sold on Thursday May 24 by Ritchie Bros. Auctioneers at their auction site in Meppen, Germany. People have three options to bid on the tractor: they can place bids live on auction day in Meppen, they can bid live online via www.rbauction.com or they can place bids in a Timed Auction that will start a month before the live auction. The tractor will be on display at the Meppen auction site.

The proceeds will go towards a new A93 HiTech tractor, technical training and other material for the Weiveld Agriculture School in South Africa. The school offers studies in agriculture, technology, hotel and restaurant management, and data processing to approximately 600 students. Co-operation between the local Valtra importer and the school will also continue after the donation.

www.valtra.com

Valtra Inc. develops, manufactures, markets and services Valtra tractors. Valtra is the leading tractor manufacturer in the Nordic countries and the second most popular brand in Latin America. Total production in Finland and Brazil amounted to 22,000 tractors in 2010. Valtra is a worldwide brand of AGCO Corporation.

ABOUT AGCO
AGCO, Your Agriculture Company, (NYSE: AG), a Fortune 500 company, was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage equipment, tillage, implements, and related replacement parts. AGCO agricultural products are sold under the core brands of Challenger®, Fendt®, Massey Ferguson® and Valtra®, and are distributed globally through more than 2,600 independent dealers and distributors, in more than 140 countries worldwide. Retail financing is available through AGCO Finance for qualified purchasers. AGCO is headquartered in Duluth, GA, USA. In 2010, AGCO had net sales of $6.9 billion. Please visit our website at www.AGCOcorp.com.

About Ritchie Bros.
Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the world’s largest industrial auctioneer, selling more equipment to on-site and online bidders than any other company in the world. Ritchie Bros. offers services that enable the world’s builders to easily and confidently exchange equipment. The Company conducts hundreds of unreserved public auctions each year, selling a broad range of used and unused equipment, trucks and other assets utilized in the construction, transportation, agricultural, material handling, mining, forestry, petroleum and marine industries. Ritchie Bros. has over 110 locations in more than 25 countries, including 43 auction sites worldwide. The Company maintains a web site at www.rbauction.com and sponsors an equipment wiki at www.RitchieWiki.com.

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