Le Lézard
Classified in: Business
Subjects: TNM, SVY, ECO

Freedonia Analyst Weighs in on Deere's Acquisition of Wirtgen Group

CLEVELAND, Dec. 14, 2017 /PRNewswire/ -- In December 2017, Deere purchased Germany's Wirtgen Group, a $3 billion manufacturer of heavy construction equipment. Freedonia Group analyst Gleb Mytko discusses the implications: "Deere's purchase of Wirtgen Group is significant for a number of reasons. With this acquisition, Deere will become one of the world's top five manufacturers of construction machinery. The company will also add road building equipment to its product portfolio, complementing its existing construction equipment offering."

Freedonia Group logo

The purchase will allow Deere to strengthen its position in a number of important emerging markets around the world and expand its global distribution network as well. The addition of Wirtgen adds factories for Deere in Germany, Brazil, China, and India.

Wirtgen is a leading manufacturer of high-end road construction equipment. Road building has outperformed other segments of the construction industry because of major infrastructure projects around the world, adding to the appeal of the Wirtgen Group. Wirtgen Group's product portfolio includes mixers, pavers, compaction machines, cold milling machines, and other road construction equipment. These products are sold around the world under the WIRTGEN, VÖGELE, HAMM, KLEEMANN, and BENNINGHOVEN brand names.

The study, Global Construction Machinery, 6th Edition, written by Mytko, forecasts construction machinery to increase 9.6% per year through 2021 to $250 billion.

More information regarding the study can be found here: https://www.freedoniagroup.com/industry-study/global-construction-machinery-market-by-product-6th-edition-3539.htm

About The Freedonia Group ? The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.684.9600


SOURCE The Freedonia Group

These press releases may also interest you

at 22:30
In his first official tour to the United States as Crown Prince, His Royal Highness Crown Prince Mohammed bin Salman's visit today in Greater Boston focused on nurturing ties between the private sector and academia of the two nations. The second...

at 09:30
In a commitment to fostering greater collaboration among academia, the private sector and government in Saudi Arabia and the United States, the second Innovation to Impact Forum is being held at the Massachusetts Institute of Technology (MIT) today....

at 09:21
Miners are the heart of Bitcoin, and CoinGeek will work to protect the network from bad actors by taking a pre-emptive stance against dishonest practices like double-spending. To date, a double-spend has not happened on the Bitcoin Cash network and...

at 08:40
Collaboration on research and academic programs highlighted in the agreement   Two prominent academic institutions in Qatar and Turkey, Hamad Bin Khalifa University (HBKU) and Ibn Haldun University (IHU), signed a Memorandum of Understanding (MoU)...

at 08:00
Lowcarinsurancequotes.info has released a new blog post explaining the importance of documenting a car crash when claiming auto insurance benefits. In case of an accident, a driver should call his or her agency as soon as possible. The agent will...

at 06:00
On February 14th, an armed gunman shot and killed 17 people at Marjory Stoneman Douglas High School, in Parkland, Florida.   The March for Our Lives Montreal is part of an international movement to stand in solidarity with the young Americans....

News published on 14 december 2017 at 13:59 and distributed by: