Kirkland & Ellis LLP advised Deere & Company (NYSE: DE), a world leader in providing advanced products and services to customers whose work is linked to the land, on its acquisition of the Wirtgen Group, a leading manufacturer of road construction equipment, for approximately $5.2 billion. 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 company-owned and independent dealers. 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 transaction is subject to regulatory approval and customary closing conditions. The transaction is expected to close in the first quarter of Deere's 2018 fiscal year. Further information is available here.
The Kirkland team was led by corporate partners Robert Hayward, Scott Falk and associate Maggie Flores.