Deal Snapshot
DEERE CLOSES EUR 4.357BN ACQUISITION OF GERMAN ROAD CONSTRUCTION EQUIPMENT MAKER WIRTGEN
Wednesday 06 December 2017

Illinois, US-based heavy equipment manufacturer Deere and Company (NYSE: DE) has closed the acquisition of Germany based road construction equipment manufacturer Wirtgen Group to advance position in road construction equipment market, the company said.
The purchase price for the equity is EUR 4.357bn (USD 4.9bn) in an all-cash transaction. The total transaction value is approximately EUR 4.6bn (USD 5.18bn) including the assumption of net debt and other consideration. Deere said the acquisition enhances its global distribution options in construction equipment and enhances our capabilities in emerging markets.


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Details
Date Published: 06/12/2017
Target: Wirtgen Group
Country: Germany
Deal Size: 4.9bn (USD)
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: Deere and Company
Buyer Advisor: Citigroup , Linklaters , Kirkland and Elli , EY , Boston Consulting Group
Comment:


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