GFM Network News


Deere and Co. plans to pay about US$4.9 billion for German manufacturer Wirtgen Group, whose WR250 soil stabilizer is shown here. (Wirtgen.de)

Deere to buy German road construction firm

Reuters — Deere + Co. said on Thursday it would buy privately held German company Wirtgen Group for about US$4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business. Deere’s share rose 3.1 per cent to US$126.29 in premarket trading, and were set to […] Read more