Deere & Co. said it has signed an agreement to acquire Unimil, a privately-held Brazilian company providing aftermarket service parts business for sugarcane harvesters. Financial terms of the agreement are not being made public. Deere said the transaction requires customary regulatory review.
Unimil will retain its current brand name. Deere also plans to continue the current direct-to-customer business model of selling Unimil products, while also offering dealers an opportunity to provide additional services and support to sugarcane customers.
Located in Piracicaba, Sao Paulo, Brazil, Unimil was founded in 1999 and has approximately 430 employees.
Cory Reed, president of Deere’s Worldwide Agriculture and Turf Division in the Americas, said the addition of Unimil further illustrates John Deere’s commitment to the sugarcane business in Brazil and a commitment to making investments that help customers reduce their sugarcane production costs.
Deere recently introduced a new sugarcane harvester that’s designed to significantly reduce production costs. Additionally, through JD Link, Deere offers connected support to maximize equipment up time and grower productivity. And now with Unimil, Deere will offer an expanded portfolio of parts with cost-effective solutions for customers.