John Deere Spicing Up Sprayers
John Deere announced its purchase of Mazotti, an sprayer manufacturer based in Ravenna, Italy. The farm equipment giant says this move will allow them to service a larger customer base in Europe.
“Mazzotti is known for its innovation as well as its unique knowledge, designs, and expertise in the sprayer industry,” said John May, John Deere’s President and Agricultural Solutions & Chief Information Officer.
The acquisition total approximately 4.6 billion euros, tendered as cash. With a price tag like that, John Deere must trust that this purchase will significantly enhance their own products. We’re excited to see whether or not these products surface in American retailers.