John Deere and Hitachi to dissolve joint excavator venture

John Deere and Hitachi Construction Machinery are dissolving their 33-year joint venture for manufacturing excavators in the Americas, effective February 28, 2022. Deere will purchase the joint-venture factories for $275 million and enter a long-term supply agreement with Hitachi.

“Deere will purchase all of the joint-venture factories and continue to produce Deere branded excavators there.”equipmentworld.com

• 1 source
• equipmentworld.comJohn Deere, Hitachi to end joint excavator venture | Equipment WorldDon McLoudAug 19, 2021

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