Deere & Co. has completed its acquisition of the Wirtgen Group, the leading manufacturer of road construction equipment, the company said. In June, Deere announced a definitive agreement to acquire the international, privately held company.
“The Wirtgen Group will enhance the size, scale and stature of our construction equipment business and will help Deere continue its global growth,” said Samuel Allen, Deere chairman and CEO.
The Wirtgen Group has a global footprint with about 8,200 employees and sells products in more than 100 countries through a large network of company-owned and independent dealers. Wirtgen’s product portfolio is complementary to Deere’s existing construction equipment offering and dramatically enhances Deere’s market share in road construction equipment. The Wirtgen Group has brands across the spectrum of road construction equipment spanning milling, processing, mixing, paving, compaction and rehabilitation.
Allen said the acquisition aligns with Deere’s long-term strategy to expand in both agriculture and construction, the company’s two global growth businesses.