# 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.

- Type: Closure
- Announced: 2021-08-19
- Where: Kernersville, North Carolina, United States
- Value: $275.0M
- Status: announced
- Products: hydraulic excavators
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [John Deere](https://endata.com/companies/15751.md)
- [Hitachi Construction Machinery](https://endata.com/companies/15738.md) (partner)

## Sources

- [equipmentworld.com](https://www.equipmentworld.com/business/article/15113993/john-deere-hitachi-to-end-joint-excavator-venture), 2021-08-19: "Deere will purchase all of the joint-venture factories and continue to produce Deere branded excavators there."

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