Take context from the input text and decide on the accurate relationship between 'Valtra' and 'AGCO' from the options provided.
Options: owner of, product/material produced, parent organization, director/manager

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 ® .
parent organization