Concord, Mass. – May 7, 2009 – aPriori today announced that AGCO Corporation (NYSE: AGCO) is expanding their deployment of the aPriori Product Cost Management solution to additional sites in the United States, Finland and France after a successful initial deployment.
“This expansion represents an important step forward in our deployment of aPriori at AGCO,” said Garry Ball, Senior Vice President of Worldwide Engineering. “The real-time access to precise cost information that aPriori provides has proven to be a critical element in our overall campaign to reduce costs and manage profitability in these difficult economic times. With aPriori, our design and manufacturing engineers immediately understand the implications of each and every tradeoff decision they make throughout the course of their daily work. We look forward to continuing to drive value from this partnership as new users and facilities deploy the technology.”
“We are very excited that AGCO has chosen to expand their aPriori deployment to additional engineering centers throughout the world,” said Stephanie Feraday, President and CEO at aPriori. “This is a real vote of confidence from a world class manufacturer that has put our product through its paces, and determined that it truly delivers on the promise of measurable cost savings. We look forward to working with AGCO to ensure this expansion is equally successful as their first deployment.”
About AGCO
AGCO, Your Agriculture Company, (NYSE: AGCO) was founded in 1990 and offers a full product line of tractors, combines, hay tools, sprayers, forage, tillage equipment, 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 2,800 independent dealers and distributors, in more than 140 countries worldwide. AGCO provides retail financing through AGCO Finance. AGCO is headquartered in Duluth, Georgia, USA. In 2008, AGCO had net sales of $8.4 billion. Please visit our website at www.AGCOcorp.com.
About aPriori
The aPriori Product Cost Management software platform improves the financial results of discrete manufacturing and product companies by enabling them to actively control Cost of Goods Sold (COGS) with real-time, predictive and precise product cost assessments. aPriori’s proven and patent-protected software platform allows companies to assess, control and reduce the cost of their products in real time, at any time during design, sourcing and manufacture. This enables companies to understand the cost impact of product design decisions earlier than ever before, reduce their Cost of Goods Sold, and improve operating margins. The aPriori platform is rapidly deployable across the extended enterprise, up and running in a matter of weeks generating cost assessments reflecting a customer’s factories’ and suppliers’ capabilities. For more information or to view an online demonstration, visit www.apriori.com .
aPriori and aPriori Technologies are registered trademarks of aPriori Technologies Inc.