"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 - Harry Ferguson - The Man & The Machine Harry Ferguson was christened Henry George but every one called him Harry. Harry was born in a small Irish town called Growell in County Down about 16 miles from Belfast. Harry Ferguson led a varied and colorful childhood causing mischief where ever he could. He showed mechanical aptitude at a very early stage in life and showed no inclination towards
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