M&A Deal Summary

Deere Acquires AgriSync

On December 15, 2021, Deere acquired software company AgriSync

Acquisition Highlights
  • This is Deere’s 4th transaction in the Software sector.
  • This is Deere’s 14th transaction in the United States.
  • This is Deere’s 2nd transaction in Iowa.

M&A Deal Summary

Date 2021-12-15
Target AgriSync
Sector Software
Buyer(s) Deere
Deal Type Add-on Acquisition

Target

AgriSync

Waukee, Iowa, United States
AgriSync is a company focusing on a mobile connectivity platform for farmers and trusted advisers.

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Buyer(S) 1

Buyer

Deere

Moline, Illinois, United States

Category Company
Founded 1837
Sector Machinery
Employees83,000
Revenue 60.2B USD (2023)
DESCRIPTION
Deere's corporate headquarters in Moline, Illinois.
Deere's corporate headquarters in Moline, Illinois.

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.


DEAL STATS #
Overall 22 of 22
Sector (Software) 4 of 4
Type (Add-on Acquisition) 19 of 19
State (Iowa) 2 of 2
Country (United States) 14 of 14
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Kreisel

Rainbach im Muhlkreis, Germany

Kreisel is an innovator focused on the development and manufacture of immersion-cooled electric battery modules and packs for high-performance and off-highway applications. The company has a differentiated battery technology and battery-buffered charging infrastructure offering and currently serves a global customer base across multiple end markets, including commercial vehicles, off-highway vehicles, marine, e-motorsports, and other high-performance applications. Kreisel was formed in 2014 and is based in Rainbach im Muhlkreis, Germany.

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