In the second acquisition announced this month, John Deere said it has purchased Mazzotti, a privately-held sprayer manufacturer based in Ravenna, Italy. No financial details were provided.
“Mazzotti is known for its innovation as well as its unique knowledge, designs, and expertise in the sprayer industry,” said John May, president, Agricultural Solutions & Chief Information Officer. “The acquisition of Mazzotti provides John Deere an opportunity to serve more customers in European markets.”
Deere said Mazzotti, a 30-year-old family-owned business, will maintain its name, trademark, and commercial agreements.
Mazzotti built its first self-propelled sprayer and said it has an 85% market share in Italy. Currently, it’s sprayers use a variety of diesel engines, including Perkins and JCB, along with Danfoss hydraulic components.
At the beginning of June, Deere announced the signing of a definitive agreement to acquire the Wirtgen Group, Windhagen, Germany, a privately-held international manufacturer of road construction equipment.
The acquisition of Wirtgen, which has a total transaction cost of approximately $5.2 billion, adds the Wirtgen, Vögele, Hamm, Kleemann, Benninghoven, and Ciber brands to Deere’s portfolio and expands its reach into milling, processing, mixing, paving, compaction and rehabilitation equipment for road construction and road rehabilitation and plants for mining and processing minerals or recycling material and for the production of asphalt.
The Wirtgen acquisition is expected to be completed in early 2018.