Search Stories by: 
&/or
 

News, Industry News, Supplier News, International News

Articles from CRUSHERS PLANT & EQUIPMENT (714 Articles), SCREENING PLANT & EQUIPMENT (641 Articles), MOBILE CRUSHERS (492 Articles)











John Deere has signed an agreement to acquire the Wirtgen Group, distributor of the Kleemann Mobicone crusher (pictured).
John Deere has signed an agreement to acquire the Wirtgen Group, distributor of the Kleemann Mobicone crusher (pictured).

Deere acquires Wirtgen with multi-billion deal

US construction equipment giant John Deere has acquired the Wirtgen Group for $USD5.2 billion, with the takeover expected to be finalised in the first quarter of 2018.

According to a John Deere statement, the company – which manufactures agricultural, construction and forestry machinery – plans to “maintain the Wirtgen Group's existing brands, management, manufacturing footprint, employees and distribution network”.

"The acquisition of the Wirtgen Group aligns with our long-term strategy to expand in both of John Deere's global growth businesses of agriculture and construction," Deere chairman and chief executive officer Samuel Allen said in the statement.

John Deere’s construction plant and equipment portfolio includes the 844K wheel loader.
John Deere’s construction plant and equipment portfolio includes the 844K wheel loader.

Wirtgen managing director Jürgen Wirtgen echoed similar sentiments. "Our company's strength and success comes from dedicated employees who are focused on helping customers succeed in the road construction industry,” he said. “We believe this transaction allows the company to be successful well into the future – independent of our family ownership."

Commenting on the acquisition, a Deere spokesperson said in a company media release that the addition of Wirtgen will enhance Deere's existing construction equipment offering and establish the company as a “leader” in the construction sector.

With 8000 employees and a presence in more than 100 countries, Wirtgen holds the distribution rights for six brands – Wirtgen, Vogele, Hamm, Kleemann, Benninghoven and Ciber. Wirtgen Australia’s head office is in Western Australia, with other service centres and offices in New South Wales, Queensland and Victoria.

Established in 1837, John Deere is headquartered in Illinois, US with a current offering including tractors, excavators, loaders and graders.

More reading
Global suppliers team up for plant innovation
Australian celebrates 50 years at John Deere



















Thursday, 23 May, 2019 8:02am
login to my account
Username: Password:
Skyscraper 2
advertisement
Free Sign Up

Receive FREE newsletter and alerts


CONNECT WITH US
Display 1
advertisement
Skyscraper 1
advertisement