News Releases September 10, 2018
John Deere and Wacker Neuson Enter Into Strategic Supplier Agreement for Compact Excavators
Moline, Ill. (Sept. 10, 2018) — As demand for John Deere construction equipment increases around the globe, the Moline-based manufacturer is entering into a strategic supplier agreement with Wacker Neuson to initially provide compact excavators in China, Southeast Asia, and Oceania. The models will range from 1.7-7.5 tons (1700-7500 kg) and are specifically designed and manufactured for customers in the growing Asia-Pacific marketplace. The objective of the partnership is long-term collaboration in key growth markets.
"In partnering with Wacker Neuson, John Deere is leveraging the experience and success of their innovative and strongly customer-focused products to help us further develop our position in the Asia-Pacific region," said David Thorne, senior vice president, sales & marketing, John Deere Construction & Forestry. "These excavators are purpose-built to meet the demands of customers, and will be John Deere branded and sold through John Deere dealers."
While both companies are committed to long-term strategic collaboration, the agreement will run for five years and can be extended in five-year increments. The initial rollout of four compact excavator models will begin in early 2019, and will predominantly be sourced from the new Wacker Neuson factory in Pinghu, China. Service and support of these machines will be offered through the John Deere dealer network.
The Wacker Neuson Group is an international family of companies headquartered in Munich, Germany. As a leading manufacturer of light and compact equipment globally, they have over 50 affiliates and 140 sales and service stations.
About Deere & Company
Deere & Company (NYSE: DE) is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the world's dramatically increasing need for food, fuel, shelter and infrastructure. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. For more information, visit John Deere at its worldwide website at www.JohnDeere.com.