Utilize the input text as a context reference, choose the right relationship between 'AGCO' and 'Fendt' from the options.
Options: chief executive officer, owner of, product/material produced, subsidiary

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 ® .
owner of