# Polyhose Group acquires Ashok Leyland-John Deere JV facility

Polyhose Group acquired the construction equipment manufacturing facility of the Ashok Leyland-John Deere joint venture. The group plans to invest Rs 100-120 crore in the new business and start manufacturing construction equipment within a year.

- Type: Acquisition
- Announced: 2017-06-21
- Where: India
- Value: $17.0M (1.10B INR)
- Status: completed
- Capacity: 16 equipment per day (two shifts)
- Products: construction equipment, backhoe loaders
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [John Deere](https://endata.com/companies/15751.md) (target)
- [Ashok Leyland](https://endata.com/companies/17100.md) (target)
- [Polyhose Group](https://endata.com/companies/25054.md) (acquirer)

## Sources

- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/polyhose-acquires-ashok-leyland-john-deere-jv-facility/), 2017-06-21: "Polyhose Group, which has been manufacturing hoses for both the Indian and export markets, has acquired the construction equipment manufacturing facility of the Ashok Leyland-John Deere, joint venture, to foray into this segment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.