Deere completes Wirtgen acquisition
Wirtgen has premium brands across the entire road construction sector.
Image credit: Wirtgen
Deere & Co. has completed its acquisition of road construction equipment manufacturer Wirtgen Group following the announcement of the agreement to purchase in June.
“The Wirtgen Group will enhance the size, scale and stature of our construction equipment business and will help Deere continue its global growth,” says Samuel Allen, Deere chairman and CEO. He adds that the acquisition aligns with Deere's long-term strategy to expand in both agriculture and construction.
The Wirtgen Group has a global footprint with about 8 200 employees and sells products in more than 100 countries through a large network of company-owned and independent dealers.
Wirtgen has premium brands across the entire road construction sector, spanning milling, processing, mixing, paving, compaction and rehabilitation, and its product portfolio is complementary to Deere's existing construction equipment offering.