New Distribution Arrangements in Sweden, Denmark and Norway

14.06.2005

The news follows the completion of a Distribution Agreement with Lantmännens Maskinimport AB (LMB) to distribute Valtra and Fendt equipment in Sweden and Valtra equipment in Norway and Denmark. The new distribution arrangements are expected to be completed before the end of 2005.

Gary Collar, Senior Vice President and General Manager for AGCO Europe, Africa, Middle East said,

“AGCO’s new distribution arrangements with LMB will enable us to strengthen still further the quality of customer support that Valtra offers in Sweden, Denmark and Norway and Fendt in Sweden. AGCO has announced that it is considerably increasing its machine research and design activities and we expect Valtra and Fendt to benefit from those new product developments. LMB’s appointment will provide an experienced and quality customer care operation to match the quality of our Valtra and Fendt products and support the plans we have for further growth across the Swedish, Danish and Norwegian markets”.

Jouko Tommila, Vice President and Managing Director of Valtra, EAME said,

”Valtra has a long history of successful co-operation with Svenska Lantmännen in Sweden. To further enhance our operations in Scandinavia, we have decided to expand our co-operation so that LMB’s extensive distribution network will also take care of Valtra machinery, parts and service operations in Norway and Sweden. At Valtra, we will provide LMB with premium-quality products and seamless co-operation to further boost our position in Scandinavia.”

Ray West, Managing Director of Valtra Tractors AB in Sweden said.

“This is good news for Valtra customers. Since records began, Valtra has always been the market leading tractor brand in Sweden. In the last 5 years we have increased market share still further. Our people in Valtra Traktor AB have done a great job in growing the business and providing a strong base for this agreement. The new Distribution arrangements will enable us to increase still further Valtra’s focus on customer service right across Sweden, Norway and Denmark and provide increased local sales and service support”.

LMB has well over 30 years experience in the farm machinery business since the Company began commercial operations as SLR Machinery in Stockholm on 1968. LMB established distribution of farm machinery in Denmark and Norway in 1993.
Valtra products will be distributed through LMB’s existing Swedish, Danish and Norwegian Distribution operation.

Arne Sörensson, Managing Director of LMB, said,
”We are proud to partner with AGCO in its ambitious plans for further growth in Sweden, Denmark and Norway. LMB and its network have considerable experience and a reputation for high levels of customer care. We are perfectly matched to Valtra’s high standards in every respect.“

More information:
Ray West, VD, Valtra Traktor AB, +46 70-3162517, ray.west@valtra.com

Paul Lay, Manager, Public Relations & Communications, AGCO EAME, + 44 2476 851209, paullay@uk.agcocorp.com

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. Net sales in 2004 amounted to 870 million euros and the number of employees to 2000. Total production in Finland and Brazil amounted to 19,500 tractors. Valtra is a worldwide brand of AGCO Corporation.

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