John Deere completed the acquisition of the remaining stake in Deere-Hitachi joint venture.

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.