# Deere acquires Hitachi's stake in Deere-Hitachi joint venture for $275M

John Deere will acquire Hitachi Construction Machinery's interest in their 33-year joint venture for $275 million, taking ownership of three factories in the Americas and securing licensing agreements for continued production of Hitachi-designed excavators. The deal takes effect in February 2022.

- Type: Acquisition
- Announced: 2021-08-19
- Where: Americas (multiple sites), United States
- Value: $275.0M
- Status: announced
- Products: hydraulic excavators, construction equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [enr.com](https://www.enr.com/articles/52283-deere-ends-33-year-us-equipment-jv-with-hitachi-in-275m-deal), 2021-08-20: "Our new strategy will allow us to leverage our own technology and designs, specifically focused on the markets that matter most to us."
- [news.d1cm.com](https://news.d1cm.com/20211015132333.shtml), 2021-10-15: "约翰迪尔和日立建机宣布，将终止长期的合资制造和营销协议，结束合资关系。"

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