"Wholly swallowed" isn"t quite a correct explaination. Purchased would be a more accurate term. From the late 1950"s until the sale, Perkins was owned outright by Massey Ferguson. When MF was bought from Variety Corp, AGCO, as the new owner of Massey Ferguson, became owner of Perkins. Perkins was then sold (by AGCO) to Caterpillar. As part of the settlement, AGCO took on the production of the Challenger line-up to be marketed through CAT dealers. The entire process took over 12 years, start to finish.
Perkins is one of the largest and most successful builders of small to mid-sized diesel engines in the world. Cat didn"t have a very successful small engine line of their own. The purchase of Perkins (by Cat) along with the increased production (for AGCO) by incorporating the Challenger line with Massey Ferguson production gave AGCO a MUCH stronger bottom line. Massey Ferguson still has limited rights to certain Perkins engine designs and has those designs produced under licensure agreements with several brands. (SISU for one)
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Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
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