Deere Acquires European Precision Ag Company

Posted by Dan Jacobs|2 November 2015

Deere & Co. signed an agreement to acquire Monosem, the European provider of precision planters. The purchase includes the company’s four facilities in France and two in the United States.

“Through this action, we continue to build on our leadership position in precision agriculture,” said John May, president, Agricultural Solutions and Chief Information Officer. “Monosem is admired for its innovation and success in precision planter technology that helps farmers increase production. Acquiring this market leader positions John Deere to serve more customers worldwide.”

As part of the acquisition Deere said Monosem will retain its own brand and trademark and will leverage its own operational strengths.

The acquisition of Monosem, May added, helps accelerate John Deere’s market reach in precision planting equipment and adds engineering expertise to further develop planting technology. “We remain focused on helping our customers increase their productivity,” he said.

Learn more about Deere’s acquisition of Monsem.