Investment Summary

Deere Invests In InterAg Technologies

On March 22, 1999, Deere invested in information technology company InterAg Technologies

Investment Highlights
  • This is Deere’s 2nd transaction in the Information Technology sector.
  • This is Deere’s 2nd transaction in the United States.
  • This is Deere’s 2nd transaction in Georgia.

Investment Summary

Date 1999-03-22
Target InterAg Technologies
Sector Information Technology
Investor(s) Deere
Deal Type Stake Purchase

Target

InterAg Technologies

Atlanta, Georgia, United States
InterAg is a provider of electronic and software services to agribusinesses.

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Investor(S) 1

Investor

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 2 of 22
Sector (Information Technology) 2 of 4
Type (Stake Purchase) 2 of 3
State (Georgia) 2 of 3
Country (United States) 2 of 14
Year (1999) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 InterAg Technologies

Atlanta, Georgia, United States

InterAg is a provider of electronic and software services to agribusinesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-22 NavCom Technology

Torrance, California, United States

NavCom systems and products use GPS satellites, communications satellites and wireless communications media for the acquisition, processing and delivery of precise positioning data.

Buy -