Deere & Co. announced that it has completed its acquisition of Monosem, a European market leader in precision planters. The purchase includes the company's four facilities in France and two in the U.S.
In November, Deere announced a definitive agreement to acquire Monosem. The deal helps accelerate John Deere's market reach in precision planting equipment and adds engineering expertise to further develop planting technology.
Deere has said it does not plan to change the independent nature of Monosem, and the business will retain its own brand and trademark.
Deere provides advanced products and services for 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.
