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Deere to acquire European precision planter company

Deere & Company announced an agreement to acquire Monosem, including that company’s four facilities in France and two in the United States.

Deere & Company announced an agreement to acquire Monosem, including that company's four facilities in France and two in the United States.

Monoseum makes precision vacuum planters, according to their website.

"Through this action, we continue to build our leadership position in precision agriculture," said Deere's President of Agricultureal Solutions and Chief Information Officer John May.  "Acquiring this market leader positions John Deere to serve more customers worldwide."

He added that the acquisition would add engineering expertise to continue developing planting technology to help customers increase their productivity.

Monoseum, which has been a family-owned business since it was founded in  1948, will retain its own trademark and brand, May said.

 

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