M&A Deal Summary

Deere Acquires The Wirtgen Group

On June 1, 2017, Deere acquired machinery company The Wirtgen Group for 4.4B EUR

Acquisition Highlights
  • This is Deere’s 5th transaction in the Machinery sector.
  • This is Deere’s largest (disclosed) transaction.
  • This is Deere’s 1st transaction in Germany.

M&A Deal Summary

Date 2017-06-01
Target The Wirtgen Group
Sector Machinery
Buyer(s) Deere
Deal Type Add-on Acquisition
Deal Value 4.4B EUR

Target

The Wirtgen Group

Windhagen, Germany
The Wirtgen Group is a provider of five premium brands across the entire road construction sector spanning milling, processing, mixing, paving, compaction and rehabilitation. Wirtgen was founded in 1961 and is based in Windhagen, Germany.

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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 11 of 22
Sector (Machinery) 5 of 9
Type (Add-on Acquisition) 9 of 19
Country (Germany) 1 of 2
Year (2017) 1 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-03 Monosem

Edwardsville, Kansas, United States

Monosem, Inc. is a farm equipment manufacturer.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Mazzotti Srl

Ravenna, Italy

Mazzotti Srl is a sprayer manufacturer based in Ravenna, Italy.

Buy -