Deere - M&A Summary and Business Overview

MachineryCompany

Deere M&A Summary

Deere has acquired 22 companies, including 7 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

Deere’s largest acquisition to date was in 2017, when it acquired The Wirtgen Group for $4.9B. It’s largest disclosed sale occurred in 2013, when it sold SiteOne Landscape Supply to CD&R for $465M. Deere has acquired in 8 different US states, and 7 countries. The Company’s most targeted sectors include machinery (41%) and information technology (19%).

Deere Business Overview

Where is Deere headquartered?

Deere is headquartered in Moline, Illinois.

What is Deere’s revenue?

Deere disclosed revenue of 60,248M USD for 2023 and 51,282M USD for 2022.

How many employees does Deere have?

Deere has 83,000 employees.

What sector is Deere in?

Deere is a machinery company.

When was Deere founded?

Deere was founded in 1837.

M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity22
    • M&A Sell Activity4
  • Total Sectors Invested 7
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 5
  • M&A Advisors 4

Deere

Deere & Co.

One John Deere Place,
Moline, Illinois 61265
United States,
(309) 765-8000
www.deere.com

Deere & Company is a producer of machinery and operates in three segments. The agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The construction and forestry segment primarily manufactures and distributes a broad range of machines and service parts used in construction, earthmoving, material handling, and timber harvesting. The products and services produced by the segments above are marketed primarily through independent retail dealer networks and major retail outlets. Finally, the financial services segment provides financing for new and used Deere equipment. Deere was founded in 1837 and is based in Moline, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 17 1 4 - - - 22
vol $5.4B $250M $5.7B
Sell (0.2/yr) # 3 1 - - - - 4
vol $465M $465M
  26

Most Recent M&A

Company Date Value Type
AgriSync, Inc. 2021-12-15 - Add-on Acquisition
Waukee, Iowa · www.agrisync.com
Kreisel Electric GmbH & Co KG 2021-12-14 - Add-on Acquisition
Rainbach im Muhlkreis, Germany · www.kreiselelectric.com
ClearFlame Engine Technologies 2021-10-28 - Stake Purchase
Geneva, Illinois · www.clearflameengines.com
BearFlag Robotics 2021-08-05 250M USD Add-on Acquisition
Newark, California · www.bearflagrobotics.com
Harvest Profit, Inc. 2020-11-12 - Add-on Acquisition
Fargo, North Dakota · www.harvestprofit.com
SABO-Maschinenfabrik GmbH 2020-06-26 - Divestiture
Gummersbach, Germany · www.sabo-online.de
Unimil 2019-10-14 - Add-on Acquisition
Piracicaba, Brazil · www.unimil.com.br
OnGolf, LLC 2019-07-09 - Add-on Acquisition
Radnor, Pennsylvania · www.onlink.com
PLA S.A. 2018-07-31 - Add-on Acquisition
Santa Fe, Argentina · www.pla.com.ar
King Agro SpA 2018-03-02 - Add-on Acquisition
Valencia, Spain · www.kingagro.com.ar
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 9 (41%) 5.2B (92%) 1 (25%) -
Software 4 (18%) - 1 (25%) -
Information Technology 4 (18%) 250M (4%) - -
Manufacturing 2 (9%) - - -
Distribution 1 (5%) 125M (2%) 1 (25%) 465M (100%)
Agriculture 1 (5%) 85M (1%) - -
Automotive 1 (5%) - - -
Insurance - - 1 (25%) -
Total 22 $5.7B 4 $465M

By Geo

State/Country Buy Value Sell Value
United States 14 765M 3 465M
  Georgia 3 - 2 465M
  California 4 640M - -
  Iowa 2 - 1 -
  New York 1 125M - -
  Kansas 1 - - -
  Illinois 1 - - -
  Pennsylvania 1 - - -
  North Dakota 1 - - -
Germany 2 4.9B 1 -
Brazil 2 - - -
Argentina 1 - - -
Israel 1 - - -
Italy 1 - - -
Spain 1 - - -
Domestic 14 (64%) 765M (13%) 3 (75%) 465M (100%)
Cross-border 8 (36%) 4.9B (87%) 1 (25%) -
Total 22 $5.7B 4 $465M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
1
Legal Deals
Shearman & Sterling
1
Linklaters
1
Kirkland & Ellis
1

Deal Values

buy # Total
> $1B 1 $4.9B
$100M to $1B 3 $680M
< $100M 1 $85M
TOTAL $5.7B
Largest The Wirtgen Group
$4.9B (2017-06-01)
sell # Total
$100M to $1B 1 $465M
TOTAL $465M
Largest SiteOne Landscape Supply LLC
$465M (2013-10-28)

M&A Connections

Deals
Acquired from
Investor(s)
5%
1 (5%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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