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Deere Acquires Hagie Manufacturing

John Deere has announced it is acquiring majority ownership of Iowa-based Hagie Manufacturing. 

Hagie sprayers will continue to be produced at the company’s Clarion, Iowa, location and will still carry the Hagie brand. Sales and service, however, will be integrated into Deere’s global distribution channel over the next 15 months.

“Hagie Manufacturing is known for innovation and its strong customer understanding in high-clearance spraying equipment,” says John May, president, agricultural solutions and chief information officer at Deere. “High-clearance spraying equipment is a new market for Deere. The expertise at Hagie allows John Deere to immediately serve customers who need precision solutions that extend their window for applying nutrients.”

“We have great products at Hagie that help producers be more profitable, but we need a business model that helps us reach more customers,” says Alan Hagie, chief executive officer at Hagie Manufacturing. “This partnership allows our solutions to reach customers on a global scale and ensure they are supported with the world-class Deere dealer organization.”

The joint venture allows John Deere to provide a broader range of sprayer options and integrate Deere’s precision technology into Hagie equipment to help customers reduce costs and improve yields.

Learn more about the acquisition in this Reuters article.

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