Wirtgen Group to join Deere & Co

Mergers & Acquisitions

Wirtgen Group to join Deere & Co

The Wirtgen Group has signed a definitive agreement with Deere & Company to have Deere acquire the Wirtgen Group.
(ed. wgeisler - 04/9/2017)
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Wirtgen Surface Miner SM2500

Windhagen, Germany – The Wirtgen Group has signed a definitive agreement with Deere & Company to have Deere acquire the Wirtgen Group, a privately-held international company that is a leading manufacturer worldwide in the road construction industry. Deere plans to maintain the Wirtgen Group’s existing brands, management, manufacturing footprint, employees, and distribution network. The combined business is expected to benefit from sharing best practices in distribution, manufacturing and technology as well as in scale and efficiency of operations. The Wirtgen Group has five premium brands with market-leading positions across the road construction segment spanning processing, mixing, paving, compaction and rehabilitation. The Wirtgen Group has more than 8000 employees and sells products in more than 100 countries. Max Guinn, president of Deere’s construction and forestry division, said, “The Wirtgen Group strengthens Deere’s strong position in the construction equipment industry, enhances our ability to serve customers across the globe and improves Deere’s competitive position through the addition of market-leading products.” Guinn said spending on road construction and transportation projects has grown at a faster rate than the overall construction industry and tends to be less cyclical. He added there is recognition globally that infrastructure improvements must be a priority and roads and highways are among the most critical in need of repair and replacement.

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