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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (4305)6/12/2017 12:50:59 PM
From: richardred  Read Replies (6) | Respond to of 7036
 
RE/The start of a infrastructure acquisition trend ?

Deere to Acquire Gigantic Construction Equipment Company

June 5, 2017 10:32 AM










Deere plans to maintain the Wirtgen Group's existing brands, management, manufacturing footprint, employees and distribution network.
© Wirtgen Group












Deere & Company announced June 2 that it has signed a definitive agreement to acquire the Wirtgen Group, the world’s largest road construction equipment manufacturer.

Deere plans to buy the German-based company for EUR 4.357 billion in an all-cash transaction (about $5.2 billion based on current exchange rates). Wirtgen Group specializes in brands that span the entire road construction sector, including milling, processing, mixing, paving, compaction and rehabilitation. Wirtgen’s global footprint includes around 8,000 employees across more than 100 countries connected by a large network of company-owned and third party dealers.

“The acquisition of the Wirtgen Group aligns with our long-term strategy to expand in both of John Deere’s global growth businesses of agriculture and construction,” says Samuel R. Allen, Deere & Company Chairman and Chief Executive Officer. “Wirtgen’s superb reputation, strong customer relationships and demonstrated financial performance are attractive as we expand the reach of John Deere construction equipment to more customers, markets, and geographies.”

Max Guinn, President of Deere’s Worldwide Construction & Forestry Divison, says spending on road construction and transportation projects is less cyclical and has grown at a faster rate than the overall construction industry.

“There is recognition globally that infrastructure improvements must be a priority, and roads and highways are among the most critical in need of repair and replacement.

Deere’s board of directors approved the transaction, and the purchase is still subject to regulatory approval in several jurisdictions and must meet other customary closing conditions.


agweb.com



To: richardred who wrote (4305)8/8/2017 11:30:54 AM
From: richardred  Read Replies (4) | Respond to of 7036
 
RE-MNTX & ASTE speculations

IMO- Acquisition minded Infrastructure hunters.

TEX -Successfully fought off a Zoomlion acquisition bid and a merger with Konecranes. Has enough leverage and cash from the port sale crane business. Already owns a piece of MNTX. Terex Management proved itself. It has led to a higher Terex stock price now than a past bid by Zoomlion.

Zoomlion- They missed on Terex with a bid that was mostly deemed questionable from the get go. I see them searching for a US based company for greater North American exposure.
Message 30584031

Oshkosh- Nice earnings report last Qtr. with building backlogs. SPAR - ALG or a FSS fit the bill IMO.

Caterpillar-Has stayed shy because of a deep slum. Questionable past acquisitions don't help either. However Improving world outlook and Deere's recent 5.2 billion infrastructure entry, might make them re-think. RE-
Wirtgen Group, the global leader in road construction equipment. I think ASTE might make a good hypothetical fit. The slumping stock price IMO leaves it vulnerable. However they might not like to spend big and look for a niche. RE- IMO a reunited (Wholly owned) ASV fits the Posi track, and make sense.