Monday, October 20, 2014

Home News John Deere and CNW Group reach agreement

John Deere and CNW Group reach agreement

Supplier News

The company is selling its irrigation operations to a private equity firm in Israel.

| March 7, 2014

MOLINE, Ill. -- Deere & Company announced today that it has reached a definitive agreement to sell its irrigation operations to FIMI Opportunity Funds, the leading private equity firm in Israel.

After being involved in the production of irrigation products for seven years, Deere announced in September its intention to seek strategic options for the irrigation operations known as John Deere Water.

Closing is expected in the second quarter of the 2014 calendar year. Terms of the sale are not being made public. BofA Merrill Lynch served as the exclusive financial advisor to Deere for the strategic review.

While Deere is exiting the John Deere Water operations, the company noted that as a part of its John Deere FarmSight strategy, it will continue to develop and offer products and services to help customers improve the overall performance of their farming operations, including the current in-field moisture and climate sensing technology, John Deere Field Connect.

For more information, visit John Deere at www.JohnDeere.com.

Source

Top news

Terracare Associates acquires VMC Landscape

The purchase moves Terracare into one of the fastest-growing markets for landscaping in the country.

Kubota introduces M7-Series Tractor Line

The announcement was made at the company's 2014 Dealer Meeting in Nashville.

Kubota enters skid-steer market

The two models, introduced at its national dealer day, will be available in May of 2015. The company also announced three new zero-turn models.

EAB may have spread to different tree

The invasive pest appears to be attacking more than ash trees.

Tweets, winning, drinks!

The L&L and STIHL social media awards will recognize the best in the industry.

x