Take context from the input text and decide on the accurate relationship between 'Fendt' and 'AGCO' from the options provided.
Options: business division, employer, distribution format, parent organization

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