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.
SOURCE Deere & Company