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MERGER & AQUISITION

Deere to Acquire the Wirtgen Group

Deere & Company (NYSE: DE) has Headquartered in Germany, the Wirtgen company-owned and independent
signed a definitive agreement to Group has five premium brands across dealers. Deere plans to maintain the
acquire the Wirtgen Group, a privately- the entire road construction sector Wirtgen Group’s existing brands,
held international company that is the spanning milling, processing, mixing, management, manufacturing footprint,
leading manufacturer worldwide of road paving, compaction and rehabilitation. employees and distribution network.
construction equipment. The purchase Wirtgen’s highly complementary The combined business is expected
product portfolio enhances Deere’s
price for the equity is EUR 4.357 billion existing construction equipment offering to benefit from sharing best practices
in an all-cash transaction. The total and establishes Deere as an industry in distribution, customer support,
transaction value is approximately leader in global road construction. The manufacturing and technology as well
EUR 4.6 billion (USD 5.2 billion based Wirtgen Group has a global footprint as in scale and efficiency of operations.
on current exchange rates), including with approximately 8,000 employees The companies said they expect to close
the assumption of net debt and other and sells products in more than 100 on the transaction in the first quarter of
consideration. countries through a large network of Deere’s 2018 fiscal year.
Deere
Deere & Company is a world leader in providing advanced world’s dramatically increasing need for food, fuel, shelter and
products and services and is committed to the success of infrastructure. Since 1837, John Deere has delivered innovative
customers whose work is linked to the land - those who cultivate, products of superior quality built on a tradition of integrity.
harvest, transform, enrich and build upon the land to meet the www.deere.com

About Wirtgen Group
WIRTGEN GROUP is an internationally operating group offers its customers mobile machine solutions for road construction
of companies in the construction machinery sector and road rehabilitation and plants for mining and processing
incorporating the traditional product brands: WIRTGEN, minerals or recycling material and for the production of asphalt.
VÖGELE, HAMM, KLEEMANN, BENNINGHOVEN, and
CIBER. As a technological leader, the Wirtgen Group www.wirtgen-group.com

Axalta Coating Systems Acquires Plascoat Systems Limited

Axalta Coating Systems ,a leading global formulation, manufacturing, and PPA 571 Aqua, a unique plastic coating
supplier of liquid and powder coatings, application of thermoplastic polyolefin for potable water pipes, in addition to
announced that it has acquired Plascoat coatings. Plascoat’s industry-leading many other high performing coatings
Systems Limited, a leading supplier of product portfolio includes Plascoat PPA designed to meet the highest industry
thermoplastic powder coatings, from its 571, a flexible, tough and highly durable standards.
parent company, International Process plastic coating used for a wide variety As part of the transaction, Axalta will
Technologies (IPT) Ltd. of outdoor applications, Talisman, a acquire both Plascoat manufacturing
hard wearing, tough plastic coating
Established in 1952, Plascoat has used extensively in the dishwasher facilities in Farnham, England and
pioneered the science behind the Zuidland, Netherlands.
basket coating market, and Plascoat
About Axalta Coating Systems
Axalta is a leading global company focused solely on enable the materials we coat to last longer. With 150 years of
14 coatings and providing customers with innovative, experience in the coatings industry, the 13,600 people of Axalta
colorful, beautiful and sustainable solutions. From continue to find ways to serve our more than 100,000 customers in
light OEM vehicles, commercial vehicles and refinish 130 countries better every day with the finest coatings, application
applications to electric motors, buildings and pipelines, coatings systems and technology.
are designed to prevent corrosion, increase productivity and www.axaltacs.com

About Plascoat
Plascoat has been working in the thermoplastic and powder manufacture to coating and equipment.
powder coating industry for over 60 years and has www.plascoat.com
a unique blend of experience, from formulation

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| Global MDA Journal | NOV-DEC 2017