POST Online Media Lite Edition



 

Deere & Company completes acquisition of Wirtgen Group

Staff Writer |
Deere & Company has completed its acquisition of the Wirtgen Group, the leading manufacturer worldwide of road construction equipment.

Article continues below






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.


What to read next

Deere & Co. will place 120 workers in Illinois on indefinite layoff
Deere & Company to put 100 manufacturing employees on indefinite layoff
Deere & Company to place 220 employees on indefinite layoff