MOLINE, Ill., Feb. 3, 2016 /PRNewswire/ -- Deere &
Company (NYSE: DE) has completed its acquisition of Monosem, the
European market leader in precision planters. The purchase includes
the company's four facilities in France and two in the United States.
In November, Deere announced a definitive agreement to acquire
the company. The deal helps accelerate John Deere's market reach in
precision planting equipment and adds engineering expertise to
further develop planting technology.
Deere has said it does not plan to change the independent nature
of Monosem, which has been known for its innovation, and the
business will retain its own brand and trademark.
Deere & Company is a world leader in providing advanced
products and services and is committed to the success of customers
whose work is linked to the land – those who cultivate, harvest,
transform, enrich and build upon the land to meet the world's
dramatically increasing need for food, fuel, shelter and
infrastructure.
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SOURCE Deere & Company