Deere & Co.

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Products, Strategic Combinations, Restructuring / Reorganization

John Deere And Hitachi Construction Machinery To End Joint Venture Manufacturing And Marketing Agreements

Published: 08/19/2021 13:15 GMT
Deere & Co. (DE) - John Deere and Hitachi Construction Machinery to End Joint Venture Manufacturing and Marketing Agreements; John Deere to Acquire Deere-hitachi Joint Venture Factories.
Deere & Co - John Deere Will Continue to Manufacture Deere-branded Construction, Forestry Excavators Produced at Three Deere-hitachi Factories.
Deere & Co - Will Continue to Offer Full Portfolio of Excavators Through a Supply Agreement With Hitachi.
Deere & Co - Three Deere-hitachi Factories Will Discontinue Production of Hitachi-branded Excavators.
Deere & Co - John Deere's Marketing Arrangement for Hitachi-branded Construction Excavators and Mining Equipment in Americas Will End.
Deere & Co - Hitachi Will Assume Distribution and Support for Hitachi-branded Construction Excavators and Mining Equipment.
Deere & Co - Changes Under Agreements With Hitachi Will Go Into Effect on Feb.
28, 2022, Contingent Upon Regulatory Approval.