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Deere’s road base

Deere & Co acquired German based global road construction business Wirtgen in 2017. The strategic rationale for the acquisition was to extend Deere’s exposure to transportation infrastructure, which is a faster growing and less cyclical sector than the broader construction industry. As a global leader in road construction equipment, Wirtgen was expected to enhance Deere’s … Continued

John Deere’s technology edge

John Deere reported its first quarter results on Friday, far surpassing the market’s expectations, with worldwide net sales growth of 23% and profit up 137% year-over-year. The results reflected a confirmation of our thesis that technology upgrades and growing adoption of precision agriculture would facilitate sustained growth in the average selling price of its equipment … Continued