Needham, MA, December 1, 2003 - PTC
(Nasdaq: PMTC) today announced that AGCO
Corporation (NYSE: AG), a worldwide designer,
manufacturer and distributor of agricultural
equipment, has successfully standardized on PTC’s
product lifecycle management (PLM) solutions,
including Pro/ENGINEER® Windchill PDMLink™ and
Windchill ProjectLink™. The company is now
implementing PTC’s Product Development System
throughout its facilities as the result of a $6.5
million, three-year contract with PTC.
AGCO, which promotes business in more than 140
countries through more than 8,000 dealers, is
using PTC’s integral PLM environment globally to
create high fidelity digital product models,
collaborate globally in the development of
products and manage and control the product
development process throughout the products’
lifecycle. This approach enhances the company’s
competitiveness, increases efficiency and reduces
overall product development costs.
After successfully completing 20 acquisitions,
AGCO has grown its business to nearly $3 billion
in sales and offers major product brands including
Fendt®, Massey Ferguson®, Hesston® and
Challenger®. AGCO is tasked with communicating and
collaborating with thousands of internal
employees, partners, distributors and independent
dealers.
Based on its previous experience with PTC’s
Pro/ENGINEER, AGCO decided to standardize on PTC
PLM solutions in order to optimize the
collaborative product development efforts among
these new areas of the company. The company is
also planning to move to Pro/ENGINEER Wildfire,
the latest version of PTC’s industry-leading
product design and development software.
“PTC offers the industry’s only completely
integral Product Development System for PLM. This
was a critical factor in our decision-making
process,” said Garry Ball, AGCO Senior Vice
President of Engineering. “As we look to maintain
quality, increase efficiencies throughout our
entire product development environment and
ultimately cut our costs, we’re confident that PTC
is the right partner to help us achieve these
goals.”
AGCO won a PTC Design Award at the recent PTC/USER
annual conference in the Heavy Equipment category
for its Challenger 660 combine farm vehicle. The
product was created using Pro/ENGINEER, MECHANICA®
and Pro/SHEETMETAL™.
“With a strong heritage of delivering superior,
reliable farm equipment, AGCO has built a
reputation for technical achievements,” said Paul
Cunningham, SVP of Sales for PTC. “We’re proud to
work with AGCO as it continues to build on its
leadership position through a strong focus on its
products.”
About AGCO Corporation
AGCO Corporation, headquartered in Duluth,
Georgia, is a global designer, manufacturer and
distributor of agricultural equipment and related
replacement parts. AGCO products are distributed
in 140 countries. AGCO offers a full product line
including tractors, combines, hay tools, sprayers,
forage equipment and implements through more than
8,450 independent dealers and distributors around
the world. AGCO products are distributed under the
brand names AGCO®, AgcoAllis®, AgcoStar®,
Ag-Chem®, Challenger®, Farmhand®, FENDT®,
Fieldstar®, Gleaner®, Glencoe®, Hesston®, Lor*Al®,
Massey Ferguson®, New Idea®, RoGator®, Soilteq®,
Spra-Coupe®, Sunflower®, Terra-Gator®, Tye®,
White® and Willmar®. AGCO provides retail
financing through AGCO Finance in North America
and through Agricredit in the United Kingdom,
France, Germany, Ireland, Spain and Brazil. In
2002, AGCO had net sales of $2.9 billion.
About PTC
PTC (Nasdaq: PMTC) develops, markets, and supports
software solutions that help manufacturers win
with superior products. PTC is the world’s largest
software company with a total commitment to
product development and product lifecycle
management (PLM.) The company services more than
35,000 customers worldwide. Further information on
PTC is available at
http://www.ptc.com/go/pr or call
1-888-782-3776, ext. 901.
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