The Wirtgen Group announced that it has signed a definitive agreement with Deere & Company to have Deere acquire the Wirtgen Group, a privately-held international company headquartered in Windhagen (Germany) that is a leading manufacturer worldwide in the road construction industry.
Stefan Wirtgen, managing partner at Wirtgen says, “As we looked to the future, we specifically chose Deere as the buyer because of our long-held respect for the organisation and our full confidence that Deere is dedicated to the ongoing success of the group and our employees worldwide.”
Deere plans to maintain the Wirtgen Group’s existing brands, management, manufacturing footprint, employees, and distribution network. The combined business is expected to benefit from sharing best practices in distribution, manufacturing and technology as well as in scale and efficiency of operations.
The Wirtgen Group has five premium brands with market-leading positions across the entire road construction segment spanning processing, mixing, paving, compaction and rehabilitation.
Max Guinn, president of Deere’s construction and forestry division says, “The Wirtgen Group strengthens our position in the construction equipment industry, enhances our ability to serve customers across the globe and improves our competitive position through the addition of market-leading products.”
Wirtgen South Africa