JUNE-JULY 2018 Nov-Dec 2017 - Copy - Page 14

MERGER & AQUISITION Deere to Acquire the Wirtgen Group Deere & Company (NYSE: DE) has signed a definitive agreement to acquire the Wirtgen Group, a privately- held international company that is the leading manufacturer worldwide of road construction equipment. The purchase price for the equity is EUR 4.357 billion in an all-cash transaction. The total transaction value is approximately EUR 4.6 billion (USD 5.2 billion based on current exchange rates), including the assumption of net debt and other consideration. Headquartered in Germany, the Wirtgen Group has five premium brands across the entire road construction sector spanning milling, processing, mixing, paving, compaction and rehabilitation. Wirtgen’s highly complementary product portfolio enhances Deere’s existing construction equipment offering and establishes Deere as an industry leader in global road construction. The Wirtgen Group has a global footprint with approximately 8,000 employees and sells products in more than 100 countries through a large network of Deere Deere & Company is a world leader in providing advanced products and services and is committed to the success of customers whose work is linked to the land - those who cultivate, harvest, transform, enrich and build upon the land to meet the company-owned and independent dealers. Deere plans to maintain the Wirtgen Group’s existing brands, management, manufacturing footprint, employees and distribution network. The combined business is expected to benefit from sharing best practices in distribution, customer support, manufacturing and technology as well as in scale and efficiency of operations. The companies said they expect to close on the transaction in the first quarter of Deere’s 2018 fiscal year. world’s dramatically increasing need for food, fuel, shelter and infrastructure. Since 1837, John Deere has delivered innovative products of superior quality built on a tradition of integrity. www.deere.com About Wirtgen Group WIRTGEN GROUP is an internationally operating group of companies in the construction machinery sector incorporating the traditional product brands: WIRTGEN, VÖGELE, HAMM, KLEEMANN, BENNINGHOVEN, and CIBER. As a technological leader, the Wirtgen Group offers its customers mobile machine solutions for road construction and road rehabilitation and plants for mining and processing minerals or recycling material and for the production of asphalt. www.wirtgen-group.com Axalta Coating Systems Acquires Plascoat Systems Limited Axalta Coating Systems ,a leading global supplier of liquid and powder coatings, announced that it has acquired Plascoat Systems Limited, a leading supplier of thermoplastic powder coatings, from its parent company, International Process Technologies (IPT) Ltd. Established in 1952, Plascoat has pioneered the science behind the formulation, manufacturing, and application of thermoplastic polyolefin coatings. Plascoat’s industry-leading product portfolio includes Plascoat PPA 571, a flexible, tough and highly durable plastic coating used for a wide variety of outdoor applications, Talisman, a hard wearing, tough plastic coating used extensively in the dishwasher basket coating market, and Plascoat PPA 571 Aqua, a unique plastic coating for potable water pipes, in addition to many other high performing coatings designed to meet the highest industry standards. As part of the transaction, Axalta will acquire both Plascoat manufacturing facilities in Farnham, England and Zuidland, Netherlands. About Axalta Coating Systems 14 Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, coatings are designed to prevent corrosion, increase productivity and About Plascoat Plascoat has been working in the thermoplastic powder coating industry for over 60 years and has a unique blend of experience, from formulation enable the materials we coat to last longer. With 150 years of experience in the coatings industry, the 13,600 people of Axalta continue to find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, application systems and technology. www.axaltacs.com and powder manufacture to coating and equipment. www.plascoat.com www.ghmediabusiness.com