M&A Deal Summary

Deere Acquires Harvest Profit

On November 12, 2020, Deere acquired software company Harvest Profit

Acquisition Highlights
  • This is Deere’s 3rd transaction in the Software sector.
  • This is Deere’s 11th transaction in the United States.
  • This is Deere’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2020-11-12
Target Harvest Profit
Sector Software
Buyer(s) Deere
Deal Type Add-on Acquisition

Target

Harvest Profit

Fargo, North Dakota, United States
Harvest Profit is a provider of farm profitability software. Harvest Profit software helps farmers forecast and measure profitability on a field-by-field basis. The Company is based in Fargo, North Dakota.

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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 18 of 22
Sector (Software) 3 of 4
Type (Add-on Acquisition) 16 of 19
State (North Dakota) 1 of 1
Country (United States) 11 of 14
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-26 SABO-Maschinenfabrik

Gummersbach, Germany

SABO-Maschinenfabrik manufactures lawnmowers and other outdoor power products and markets them to homeowners, municipalities, and gardening and landscaping companies. SABO was founded in 1932 and is based in Gummersbach, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-05 BearFlag Robotics

Newark, California, United States

BearFlag Robotics develops autonomous driving technology compatible with existing machines. BearFlag Robotics makes autonomous technology for agricultural tractors, increasing safety, reliability, and profitability on farms. BearFlag Robotics is based in Newark, California.

Buy $250M
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