Deere & Company completes acquisition of Wirtgen Group
In June, Deere announced a definitive agreement to purchase the international privately-held company.
The Wirtgen Group has a global footprint with approximately 8,200 employees and sells products in more than 100 countries through a large network of company-owned and independent dealers.
Wirtgen's product portfolio is complementary to Deere's existing construction equipment offering and establishes Deere as the industry leader in global road construction.
The Wirtgen Group has premium brands across the entire road construction sector spanning milling, processing, mixing, paving, compaction and rehabilitation.
Allen said the acquisition aligns with Deere's long-term strategy to expand in both agriculture and construction – the company's two global growth businesses. ■