Deere reviewing its options for John Deere Water
Deere & Company is in the process of reviewing its strategic options for its John Deere Water irrigation operations.
Deere stated that it remained commmitted to effective water management and its important role in global agriculture. Deere intends to continue offering products and services in this area, as well as enhancing existing products such as John Deere Field Connect, its in-field moisture sensing and climate monitoring system.
Deere has been working in the irrigation products market for the past seven years and is a prominent manufacturer of full-line drip irrigation products.
The company has retained Bank of America Merrill Lynch as its exclusive financial advisor during this period. A formal decision has yet to be made.