MergerLinks Header Logo

Announced

Deere & Company to acquire Bear Flag Robotics for $250m.

Synopsis

Deere & Company, a provider of advanced products, technology and services for customers whose work is revolutionizing agriculture and construction, agreed to acquire Bear Flag Robotics, a Silicon Valley-based startup that develops autonomous driving technology compatible with existing machines, for $250m. "One of the biggest challenges farmers face today is the availability of skilled labor to execute time-sensitive operations that impact farming outcomes. Autonomy offers a safe and productive alternative to address that challenge head on. Bear Flag's mission to increase global food production and reduce the cost of growing food through machine automation is aligned with Deere's and we're excited to join the Deere team to bring autonomy to more farms," Igino Cafiero, Bear Flag Robotics Co-Founder and CEO.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Sort

By continuing, you agree to our Terms & Conditions and our Data Privacy Policy

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US