News Release December 22, 2025
John Deere Enters into Agreement to Acquire Tenna
MOLINE, IL (December 22, 2025) — Deere & Company (NYSE: DE) today entered into an agreement to acquire Tenna, a construction technology company, and a holding of The Conti Group, that offers mixed-fleet equipment operations and asset tracking solutions.
Based in New Hope, Pennsylvania, Tenna offers an integrated construction technology platform ("Tenna") designed to automate and optimize construction operation workflows. The platform gives contractors a near real-time, full-picture view of their equipment operations and a greater understanding of equipment trends and maintenance needs, while also improving visibility, planning, and jobsite coordination to increase productivity and reduce costs.
Tenna will continue to operate as an independent business marketed directly to construction customers under the Tenna tradename and will focus on scaling and growing the business through its proven mixed-fleet customer-focused business model.
This acquisition is pending regulatory approval and is expected to close in February 2026.
About Deere & Company
It doesn't matter if you've never driven a tractor, mowed a lawn, or operated a dozer. With John Deere's role in helping produce food, fiber, fuel, and infrastructure, we work for every single person on the planet. It all started nearly 200 years ago with a steel plow. Today, John Deere drives innovation in agriculture, construction, forestry, turf, power systems, and more.
For more information on Deere & Company, visit us at www.deere.com/en/news/.
About The Conti Group
The Conti Group is a private holding company, with more than a century of experience in operations, growth equity investing, and entrepreneurial ventures. The firm has deep industry expertise in construction, engineering, and technology, and continues to invest in renewables, real estate, novel technology, and more. Across all teams, our people share an entrepreneurial spirit that propels continual innovation across generations and a deep commitment to our foundational values of honesty, integrity, and respect.
For more information on The Conti Group, visit us at www.thecontigroup.com.
About Tenna
Tenna is the construction technology platform powering equipment fleet operations. Beyond tracking, Tenna connects every aspect of fleet management, giving contractors a full-picture view of their equipment operations and a greater understanding of equipment trends, so they can increase productivity and reduce costs. With more than 100 years of construction experience, Tenna helps contractors maximize their mixed fleet with industry-focused solutions that connect field, shop and office to optimize all aspects of equipment management.
For more information on Tenna, visit www.tenna.com.
For further information, the news media should contact:
Kara Ferry
Public Relations Manager
John Deere Construction & Forestry
publicrelations@johndeere.com