John Deere to acquire Wirtgen Group for €4.6 billion

摘要

DEERE & Company (John Deere), the Illinois-based agricultural equipment manufacturers, have signed a definitive agreement to acquire the Wirtgen Group for €4.357 billion in cash. Including debt and other considerations, the total enterprise value for the deal is €4.6 billion (US$5.2 billion). Headquartered in Germany, the Wirtgen Group have five premium brands across the entire road construction machinery sector - Wirtgen, Voegele, Hamm, Kleemann and Benninghoven - spanning milling, processing, mixing, paving, compaction and rehabilitation. The Group has a global footprint with approximately 8,000 employees and sell products in more than 100 countries via a network of company-owned and independent dealers. In 2016, the Wirtgen Group achieved sales of €2.6 billion.