Jun. 19, 2022
John Deere, Moline, Ill., and Wacker Neuson Group, Menomonee Falls, Wis., have reached an agreement to collaborate on the development of John Deere excavators less than 5 metric tons that will be designed and manufactured by Wacker Neuson. John Deere will develop and manufacture 5- to 9-metric-ton excavators, incorporating designs from Wacker Neuson.
The long-term exclusive Original equipment manufacturer (OEM) supply agreement covering mini and compact excavators weighing less than 5 metric tons, also includes battery-powered electric excavators. Wacker Neuson will design and manufacture the machines at its facilities in Menomonee Falls, Wis., as well as Linz, Austria, for the requirements of John Deere mainly for North America. The excavators will be distributed under the John Deere brand via John Deere’s global dealer network. The companies plan a phased introduction of models. All Wacker Neuson models in the same product range will continue to be distributed under the Wacker Neuson brand through Wacker Neuson’s own distribution network.
“We are very much looking forward to adding another layer to our growth strategy through this OEM agreement with John Deere for mini and compact excavators. Our relationship with John Deere has been a successful collaboration that spans many years in both the agricultural and construction sectors. Our product and manufacturing excellence complements John Deere’s established market reach in North America to open up outstanding business opportunities in the attractive mini and compact excavator market segment,” said Dr. Karl Tragl, chairman of the executive board and CEO, Wacker Neuson Group.
“This agreement with John Deere ideally complements our market and employee growth strategies for the Americas region. In particular, we are excited to manufacture excavators in the United States, for the United States,” said Gert Reichetseder, president and CEO North America at Wacker Neuson.
“Excavators are an integral part of our customers’ job sites, and we anticipate growing demand to continue,” said Domenic Ruccolo, senior vice president, sales, marketing, and product support, global construction equipment, John Deere. “As we look to the future of our excavator line-up, this agreement will allow us greater flexibility as we continue to deliver a robust product portfolio that prioritizes the operator experience.”
Distribution, parts, service and support will continue through the John Deere dealer network.
“We’re excited about the expanded agreement as it supports our goal of bringing productivity-driven features and industry-leading technology to customers with greater agility,” said Jerred Pauwels, vice president, excavators, strategy and business development, John Deere.
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