# I A Bell and Company signs binding agreement to acquire 31.4% stake in Bell Equipment from John Deere for ZAR 300 million

I A Bell and Company signed a formal binding agreement to acquire an additional 31.4% minority stake in Bell Equipment Limited from John Deere Construction & Forestry Company for approximately ZAR 300 million.

- Type: Acquisition
- Announced: 2020-09-06
- Where: South Africa
- Status: announced
- Products: heavy machinery, vehicles
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Bell Equipment](https://endata.com/companies/15161.md) (target)
- [John Deere Construction & Forestry](https://endata.com/companies/34243.md) (partner)
- [I A Bell and Company](https://endata.com/companies/49755.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/BELL-EQUIPMENT-LIMITED-6492533/news/I-A-Bell-and-Company-Limited-signed-a-formal-binding-agreement-to-acquire-an-additional-31-4-minori-33708868/), 2020-09-06: "I A Bell and Company (Pty) Limited signed a formal binding agreement to an additional 31.4% minority stake in Bell Equipment Limited (JSE:BEL) from John Deere Construction & Forestry Company on November 6, 2020."

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