John Deere, Hitachi to Enter Into New License, Supply Agreements
19 August 2021 - 11:34PM
Dow Jones News
By Dave Sebastian
John Deere and Hitachi Construction Machinery said they have
agreed to enter into new license and supply agreements that will
let John Deere continue sourcing, manufacturing and distributing
Deere-branded excavators in the Americas.
The companies also agreed to end the Deere-Hitachi joint venture
manufacturing and marketing agreements, John Deere said
Thursday.
John Deere also said it will buy the Deere-Hitachi joint-venture
factories in Kernersville, N.C.; Indaiatuba, Brazil; and Langley in
Canada's British Columbia.
John Deere and Hitachi's supply relationship dates back to the
early 1960s. They started the manufacturing joint venture to make
excavators in 1988.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
August 19, 2021 09:22 ET (13:22 GMT)
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