# John Deere acquires 50% stake in Chinese excavator manufacturer XCG

John Deere acquired a 50% stake in Xuzhou Xuwa Excavator Machinery (XCG), the third-largest excavator manufacturer in China, as part of its expansion in the Asian market.

- Type: Acquisition
- Announced: 2018-02-26
- Where: Xuzhou, China, China
- Status: completed
- Products: excavators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [John Deere](https://endata.com/companies/15751.md) (acquirer)
- [Xuzhou Xuwa Excavator Machinery](https://endata.com/companies/30305.md) (target)

## Sources

- [maquinac.com](https://maquinac.com/2018/02/john-deere-se-expande-en-china-en-alianza-con-xcg/), 2018-02-26: "John Deere dio un nuevo paso en su estrategia de expansión en el mercado asiático con la adquisición del 50% de XCG."

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