Deere & Co. will significantly expand its construction equipment market stake with a $5.2 billion acquisition of Germany’s Wirtgen Group, projected to close later this year. Wirtgen encompasses namesake concrete paving equipment plus five other brands of milling, processing, mixing, paving, compaction and rehabilitation machines and tools deployed throughout road work and aggregates production: Vögele, Hamm, Kleemann, Benninghoven and Ciber.
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Wirtgen deal brings Deere into the thick of paving equipment market
Sources: Deere & Co., Moline, Ill.; CP staff
John Deere will significantly expand its construction equipment market stake with a $5.2 billion acquisition of Germany’s Wirtgen Group, projected to close later this year. Wirtgen encompasses namesake concrete paving equipment plus five other brands of milling, processing, mixing, paving, compaction and rehabilitation machines and tools deployed across road construction: Vögele, Hamm, Kleemann, Benninghoven and Ciber.
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