Industry News

Clayton, Dubilier & Rice to Acquire John Deere Landscapes

Clayton, Dubilier & Rice ("CD&R") today announced an agreement under which CD&R will acquire John Deere Landscapes ("JDL"), a unit of Deere & Company's (NYSE:DE) Agriculture & Turf segment. Deere will initially retain a 40% ownership stake in the new standalone company. The carve-out transaction is valued at approximately $465 million.
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USDA Grants Support Federal Partnership for Robotics Research

The U.S. Department of Agriculture's (USDA) National Institute of Food and Agriculture (NIFA) today announced $4.5 million in grants to spur the development and use of robots in American agriculture production. The five grants are part of the National Robotics Initiative (NRI), a federal research partnership that includes NIFA, the National Science Foundation (NSF), the National Institutes of Health (NIH), and the National Aeronautics and Space Administration (NASA).
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Vermeer Corporation Announces Forage Segment Organizational Changes

Over the past several months, Vermeer Corporation has made numerous strategic moves to be well positioned for the future of the global forage market. These moves include Vermeer family succession and leadership planning along with an expanded biomass and dairy market focus. In addition, Vermeer has restructured the Forage Solutions sales territories and developed a new training department to further support these opportunities moving forward.
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