First Deere Earnings Report to Include Wirtgen
When Deere and Company releases first quarter earnings tomorrow, it'll be the first time since it bought the Wirtgen Group.
Michelle O'Neill reports.Radio story
Dr. James Bang is an Economics Professor at St. Ambrose University in Davenport. He says initially, investors should just look at the bottom line. And keep in mind that diversification may not be the only reason Deere bought the company based in Germany.
Deere paid $5.2 billion for the Wirtgen Group and retained its five brands. When the deal closed in December, a Deere spokesman said it's rare for a company to find another one to buy that has a similar work culture, with no overlap in products.
Wirtgen employs 8,200 people and operates factories in Germany, Brazil, China, and India, countries where Deere also owns factories.
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