Deere & Company Acquired German Wirtgen Group
In December last year, US-based Deere Company has completed its acquisition of German-based Wirtgen Group, a privately-held manufacturer of road construction equipment.
According to Deere & Company, the Wirtgen Group will enhance the size, scale and stature of its construction equipment business and will help to continue its global growth. As reported, the acquisition aligns with Deere‘s long-term strategy to expand in both agriculture and construction – the company‘s two global growth businesses. The Wirtgen Group is an internationally operating group of companies in the construction machinery sector, incorporating the traditional product brands: Wirtgen, Vögele, Hamm, Kleemann and Benninghoven. As a technological leader, it offers its customers mobile machine solutions for road construction and road rehabilitation, plants for mining and processing minerals or recycling material and for the production of asphalt.
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