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

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.