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Tag: Deere buys Wirtgen
Dealers
Why Deere is buying Wirtgen: Trust, a willing exit and an eye on infrastructure construction
Deere & Company’s planned purchase of Wirtgen Group is the culmination of more than a decade of relationship building, the alignment of recent strong financial performances by Deere and a decision by brothers Stefan and Jürgen Wirtgen to exit the family business. Deere Chairman and CEO Sam Allen says the company identified Wirtgen as an […]
June 2, 2017
Dealers
Deere to acquire German road equipment maker Wirtgen Group for $5.2 billion
In a surprise announcement during the wee hours of Thursday morning, Deere & Company announced a blockbuster deal to acquire German equipment manufacturer Wirtgen Group. The two companies have signed a definitive agreement on the all-cash deal which will see Deere purchase the road equipment maker for €4.357 billion. When Wirtgen’s debts and other considerations […]
June 1, 2017
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