Items Tagged with 'Seaport Global Securities'

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Ag Equipment Intelligence

Deere Acquires Wirtgen, Strengthens CE, Diversifies Equipment Operations

Deere & Co., best known for its dominance in farm equipment industry, made a big and unexpected move on June 1 when it announced it would be expanding the reach of its Construction & Forestry division by acquiring the German construction equipment maker Wirtgen Group. Most industry analysts covering the heavy equipment market agree that the acquisition represented a major strategic acquisition that will strengthen the company’s equipment operations on several fronts.
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Ag Equipment Intelligence

Worldwide Farm Equipment Sales Remain Sluggish

With few exceptions, global tractor and combine sales show little sign of picking up in the near term. While USDA’s May 10 report offered some optimistic news on crop surpluses, especially for soybeans, it remains to be seen whether or not the uptick in crop prices will hold.
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