M&A Deal Summary

Deere Acquires Plastro Irrigation Systems

On June 5, 2008, Deere acquired machinery company Plastro Irrigation Systems

Acquisition Highlights
  • This is Deere’s 2nd transaction in the Machinery sector.
  • This is Deere’s 1st transaction in Israel.

M&A Deal Summary

Date 2008-06-05
Target Plastro Irrigation Systems
Sector Machinery
Buyer(s) Deere
Deal Type Add-on Acquisition

Target

Plastro Irrigation Systems

Gvat, Israel
Plastro Irrigation is a provider of irrigation system components including peripheral equipment; agro-technical consultation; design and planning; installation assistance; and training.

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Buyer(S) 1

Buyer

Deere

Moline, Illinois, United States

Category Company
Founded 1837
Sector Machinery
Employees35,200
Revenue 50.5B USD (2024)
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 7 of 23
Sector: Machinery M&A 2 of 9
Type: Add-on Acquisition M&A Deals 5 of 20
Country: Israel M&A 1 of 1
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-29 T-Systems International

San Diego, California, United States

T-Systems International manufactures and sells products for agricultural, nursery, landscape, mining and greenhouse applications, with manufacturing facilities in Australia, France and the United States.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 John Deere Agri Services

Alpharetta, Georgia, United States

JDAS is a provider of software solutions and services to the agri-business industry. Its portfolio of solutions includes the AGRIS and ExtendAg product suites serving the grains, oilseeds, fruit, and vegetable industries.

Sell -