Deere to purchase remaining share of India joint venture

Deere & Company said Aug. 1 it will acquire the remaining 50 percent share of its tractor joint venture in Pune, India — an operation that manufactures transmissions, diesel engines and tractors for customers in India and around the world.

Deere will purchase the 50 percent share from Larsen & Toubro. The transaction includes the joint venture’s Pune manufacturing facility that started production in 2000 and currently employs 900 people.