They also agreed to acquire Cimbria Holdings Ltd., a manufacturer of products for the processing, handling and storage of seed and grain.
CNH Industrial has been in the game, as well, acquiring the agricultural grass and soil implement business of Kongskilde Industries.
Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. The Foresight Intelligence - Intelligent Alert Triage Center (IATC) was developed to specifically address the massive amounts of alerts coming from machines (Io T) to increase uptime and service efficiency.
The six major players based on 2014 revenue are: Deere & Co., CNH Industrial, AGCO, Kubota, Claas, and Mahindra & Mahindra. and CNH Industrial have similar total revenue; however, Deere & Co.’s, agriculture equipment sector is 40% larger.
Excluding market leader Deere, Rabobank analysts predict a merger is likely among the five other largest original equipment manufacturers in order to challenge Deere’s rank.
Farm equipment manufacturers have not been immune to the bug.
Last year, John Deere purchased Hagie Manufacturing, Monosem (the European market leader in precision planters) and Bauer Built Manufacturing Inc., an Iowa-based planter manufacturer.