Utilize the input text as a context reference, choose the right relationship between Fendt and AGCO from the options. Options: 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.

AGCO products are sold through five core equipment brands, Challenger ® , Fendt ® , GSI ® , Massey Ferguson ® and Valtra ® and are distributed globally through a combination of approximately 3,100 independent dealers and distributors in more than 140 countries.

Answer: owned_by