Deere & Co. has signed a definitive agreement to acquire the Wirtgen Group. The purchase price for the equity is EUR 4.357 billion in an all-cash transaction. The total transaction value is approximately EUR 4.6 billion ($5.2 billion based on current exchange rates), including the assumption of net debt and other consideration.
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Michelin Earns Awards from Deere & Co.
Michelin has earned multiple recognitions from Deere & Co. for its products and support that the tire maker’s operating units have delivered globally across various John Deere equipment segments. The Michelin Group’s Agricultural and Earthmover operating units were named “Supplier of the Year” as well as a Partner-level supplier for 2014. Partner-level supplier is Deere’s highest rating for suppliers under its ongoing “Achieving…
Read MoreGuinn Named President of Deere Construction Division
Deere & Co. announced changes to its senior leadership team that will take place after the retirement of James A. Israel, president of John Deere Financial – the company’s global financial services division headquartered in Des Moines, Iowa. Max A. Guinn Max A. Guinn was appointed president, Worldwide Construction & Forestry, Global Labor Relations and Security. Michael J. Mack, Jr. was…
Read MoreDeere Again Named Among Most Ethical Companies
For the eighth consecutive year, Deere & Co. has been included on Ethisphere Institute’s “World’s Most Ethical Companies” list. The research-based Ethisphere Institute is dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability.
Read MoreDeere Announces Third-Quarter Record Earnings
Net income attributable to Deere & Co. in the third quarter was $996.5 million, or $2.56 per share, for the third quarter ended July 31, compared with $788.0 million, or $1.98 per share, for the same period last year. For the first nine months of the year, net income attributable to Deere & Co. was $2.730 billion, or $6.97 per…
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