John Deere to acquire European farm equipment maker Monosem
from Manitoba Co-operator
Deere & Co. shares rose about two per cent on Monday after the company said it plans to acquire Monosem, a European family-owned farm equipment manufacturer that specializes in "precision planters" designed to increase crop production. Deere would not comment on the transaction's financial details or Monosem's revenues, but it does expect the deal to close in the first quarter of fiscal 2016, Deere spokesman Ken Golden wrote in an email.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063