Deere & Company has announced a deal to acquire precision planter manufacturer Monosem, including the European company’s four facilities in France and two in the U.S.
“Through this action, we continue to build on our leadership position in precision agriculture,” said John May, Deere’s president of Agricultural Solutions and Chief Information Officer, in a statement on Monday. “Monosem is admired for its innovation and success in precision planter technology that helps farmers increase production. Acquiring this market leader positions John Deere to serve more customers worldwide.”
Founded by Edmond Ribouleau, a blacksmith in Largeasse, France in 1948, Monosem will retain its own brand, trademark and “independent nature,” said the news release from Deere.
May noted the acquisition “helps accelerate John Deere’s market reach in precision planting equipment and adds engineering expertise to further develop planting technology.”
Generally recognized as a premium, high-end planter, Monosem is known for its twin row setup for corn and soybeans. The vacuum planters are also being used to plant canola (see related stories below.)
Financial terms of the deal were not disclosed.