Wacker Neuson and John Deere move closer
Wacker Neuson has reached a long term supply agreement to provide John Deere and its dealer network, with Deere branded mini and compact excavators in North America. This builds on the strategic alliance the company has
The exclusive OEM supply agreement covers mini and compact excavators weighing less than five tonnes, including battery electric excavators. Wacker Neuson will design and manufacture the machines at its facilities in Menomonee Falls, USA, as well as Linz, Austria.
The excavators will be distributed 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. The move adds to the existing telehandler supply deal between the two companies signed in 2017 See John Deere and Wacker Neuson for strategic alliance
The deal also includes a technical collaboration between Deere and Wacker Neuson in relation to five to nine tonne excavators. John Deere will purchase and incorporate design and technical IP provided by Wacker Neuson, adapting and evolving it to meet its own manufacturing requirements. These models will be produced and launched on the market exclusively by John Deere, while Wacker Neuson will independently continue to develop, produce and distribute its own five to nine tonne excavators under its own brand.
Wacker Neuson chief executive Karl Tragl said: “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.”
Gert Reichetseder chief executive at Wacker Neuson North America added: “This agreement with John Deere ideally complements our growth strategy in Americas. We already offer our customers excellent products under the Wacker Neuson brand and we will continue to place a strong focus on expanding our product portfolio for the North American market in the future. The cooperation with John Deere opens up additional sales channels for our high-quality mini and compact excavators.”