Announced
Completed
Financials
Tags
Single Bidder
Friendly
construction equipment
Completed
Acquisition
Machinery: Construction
United States
Brazil
Cross Border
Majority
Private
Synopsis
John Deere, a provider of wholesale distribution of machinery and equipment, completed the acquisition of the remaining stake in Deere-Hitachi joint venture, a firm that manufactures Deere-branded construction excavators and forestry equipment. Financial terms were not disclosed. "As we launch this new chapter, our legacy of innovation continues. Going forward, we can leverage technology developed for other product lines and production systems across the Deere enterprise and extend those advanced solutions to Deere-designed excavators, strengthening the entire product portfolio," John Stone, John Deere President.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.