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Deere completes acquisition of road construction equipment manufacturer

Deere & Co. has completed its acquisition of Wirtgen Group, a manufacturer of road construction equipment.

Wirtgen Group sells products in more than 100 countries through its network of company-owned and independent dealers. Deere said the addition of Wirtgen's product portfolio will complement the former's existing construction equipment offering.

Samuel Allen, Deere chairman and CEO, said the acquisition aligns with Deere's long-term strategy to expand in both agriculture and construction.

Deere announced in June a definitive agreement to purchase the international, privately held company.