Deere & Company, the maker of John Deere equipment, said on Thursday
that it had agreed to acquire Wirtgen Group, a privately held German maker of road construction equipment, for 4.36 billion euros, or about $4.9 billion.
“The acquisition of the Wirtgen Group aligns with our long-term strategy to expand in both of John Deere’s global growth businesses of agriculture
and construction,” Samuel R. Allen, the Deere chairman and chief executive, said in a news release.
Movers: Deere to Expand Global Footprint, and China Guides Currency Higher -
By THE NEW YORK TIMESJUNE 1, 2017
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