Profile: Deere & Co (DE)
11 Mar 2014
Deere & Company (John Deere), incorporated in April 25, 1958, along with its subsidiaries, operates in three segments: agriculture and turf, construction and forestry and financial services. The John Deere agriculture and turf segment manufactures and distributes a line of agricultural and turf equipment and related service parts. John Deere construction, earthmoving, material handling and forestry equipment includes a broad range of backhoe loaders, crawler dozers and loaders, four-wheel-drive loaders, excavators, motor graders, articulated dump trucks, landscape loaders, skid-steer loaders, log skidders, log feller bunchers, log loaders, log forwarders, log harvesters and a range of attachments. The financial services segment primarily finances sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment. In December 2013, the Company sold a majority interest in its landscapes business to the private equity investment firm of Clayton, Dubilier & Rice, LLC.
Agriculture and Turf
The agriculture and turf segment primarily manufactures and distributes a line of agriculture and turf equipment and related service parts, including large, medium and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters and related front-end equipment and sugarcane loaders; tillage, seeding and application equipment, including sprayers, nutrient management and soil preparation machinery; hay and forage equipment, including self-propelled forage harvesters and attachments, balers and mowers; turf and utility equipment, including riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, and commercial mowing equipment, along with a broad line of associated implements; integrated agricultural management systems technology; precision agricultural irrigation equipment and supplies; landscape and nursery products; and other outdoor power products. In addition the segment offers ancillary products and services supporting its agricultural and turf equipment customers. The segment also provides integrated agricultural business and equipment management systems.
Construction and Forestry
John Deere provides the line of forestry machines and attachments available in the world. The segment’s forestry machines are distributed under the John Deere brand name and forestry attachments are distributed under the John Deere and Waratah brand names. In addition to the equipment manufactured by the construction and forestry segment, John Deere purchases certain products from other manufacturers for resale. The segment also provides fleet management telematics solutions designed to improve customer productivity and efficiency through access to fleet location, utilization and maintenance information. The construction and forestry segment also has a joint venture in China for the manufacture of hydraulic excavators with Xuzhou Bohui Science & Technology Development Co. Ltd. (Xuzhou) known as Xuzhou XCG John Deere Machinery Manufacturing Co., Ltd. (XCGJD). In India, the construction and forestry segment manufactures construction equipment branded Leyland Deere through its joint venture with Ashok Leyland Limited, known as Ashok Leyland John Deere Construction Equipment Company Private Limited (ALJD).
The financial services segment provides wholesale financing to dealers of the foregoing equipment, finances retail revolving charge accounts and operating loans and offers crop risk mitigation products and extended equipment warranties. The Company and John Deere Construction & Forestry Company (a wholly-owned subsidiary of the Company) are referred to as the sales companies. The financial services segment also finances and services revolving charge accounts, in most cases acquired from and offered through merchants in the agriculture and turf and construction and forestry markets (revolving charge accounts). The financial services operations offer retail leases to equipment users in the United States.
The Company competes with AGCO Corporation, CLAAS KGaA mbH, CNH Global N.V., Kubota Tractor Corporation, The Toro Company, Caterpillar Inc., Komatsu Ltd., Volvo Construction Equipment, CNH Global N.V., Tigercat Industries Inc. and Ponsse Plc.
Deere & Co
One John Deere Place
MOLINE IL 61265-8098