What is the relationship between Fendt and AGCO in the context of the input sentence. Choose an answer from: product/material produced; manufacturer; distributed by; industry; position held; original broadcaster; owned by; founded by; distribution format; headquarters location; stock exchange; currency; parent organization; chief executive officer; director/manager; owner of; operator; member of; employer; chairperson; platform; subsidiary; legal form; publisher; developer; brand; business division; location of formation; creator.

This new offering represents a significant update for VarioGuide, available on AGCO’s Fendt ® machines, and for Auto-Guide TM for all other AGCO brands including Challenger ® , Massey Ferguson ® and Valtra ® .

Answer: owned_by