Deere to acquire Wirtgen for $5.2 billion

摘要

Deere & Co. signed a definitive agreement to purchase the Wirtgen Group, a privately held international company, for $5.2 billion. The companies expect to close on the transaction in the first quarter of Deere's 2018 fiscal year. Headquartered in Germany, the Wirtgen Group has several brands -Wirtgen, Kleemann, Vogele, Hamm, Benninghoven and Ciber - across the entire road construction sector spanning milling, processing, mixing, paving, compaction and rehabilitation. Deere plans to maintain the Wirtgen Group's brands, management, manufacturing footprint, employees and distribution network.