Agricultural News
John Deere's Latest Acquisitions Will Expand Their Planter Portfolio
Tue, 01 Dec 2015 18:44:00 CST
John Deere continues to expand its presence globally and their overall planter portfolio with two recent acquisitions. Last Month, John Deere acquired the European planter company Monosem as well as Precision Planting. John Deere Manager of Media Relations Barry Nelson said Monosem makes specialty planters for vegetables and peanuts. Their planters are sold in the U.S., Canada, as well as Europe.
In November, John Deere also acquired Precision Planting from The Climate Corporation, a subsidiary of Monsanto Company. Nelson said this provides John Deere with new technology for planters. This includes new, used or competitive brands of planters. He said Precision Planting sold a lot of retrofit kits, which brings more efficiency, accuracy and productivity to existing planters.
With both of these acquisitions, Nelson said this offers John Deere customers more options, depending on the type of crops farmers are growing around the world. If dealers meet the requirements, they will also be able to sell the products. The Precision Planting and Monosem brands will continue, so farmers will also be able to work with existing dealers. Nelson said this is another step John Deere is making to advance innovation in agriculture in feeding a growing global population.
Radio Oklahoma Network's Leslie Smith interviewed Barry Nelson of John Deere. Click or tap on the LISTEN BAR below to hear the full interview.
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