Brandt Tractor Ltd. will acquire all of the issued and outstanding common shares of Cervus Equipment Corporation for $19.50 per share in cash, valuing Cervus at approximately $302 million on an equity value basis.
The Brandt Group of Companies announced it has reached an agreement to acquire the Deere-owned businesses of Nortrax Canada and Nortrax Quebec. The deal will merge all John Deere Construction & Forestry dealerships in Canada under the Brandt banner.
Ziegler Ag Equipment now represents the Fendt tractor line in 23 of its 27 locations. The addition of the Fendt lineup to Ziegler Ag will be a solid boost in AGCO's sales territory and a continuation of a campaign to increase the visibility and availability of the Fendt brand.
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In this episode of On The Record, we examine Deere’s Population of 20-Store Dealers On the Rise. In the Technology Corner, we take a look at Carbon Robotics Developing New “Thinning” Function for LaserWeeder. Also in this episode: AGCO & Kubota Sign Right to Repair MOUs, Deere Reports Rising Large Ag Price Realization - Lower Production Costs and Dealers’ Most Pressing Concerns.