Deere & Company announced Tuesday it has entered a joint venture with Hagie Manufacturing that sees Deere acquire a majority ownership in the Iowa-based high-clearance sprayer company.
Equipment made by the joint venture will maintain the Hagie brand. Sales and service for Hagie machines will become part of Deere’s global network over the next 15 months, according to Deere. John Deere’s precision technology will also be integrated into Hagie equipment.
“We have great products at Hagie that help producers be more profitable but we need a business model that helps us reach more customers. This partnership with Deere allows our solutions to reach customers on a global scale and ensure they are supported with the world-class Deere dealer organization,” said Alan Hagie, CEO of Hagie Manufacturing.
Hagie dates back to 1947 when Ray Hagie developed the first self-propelled sprayer. The company also lays claim to introducing the first four-wheel sprayer, the front-mounted boom, and high-clearance nitrogen toolbar.
“Hagie Manufacturing is known for innovation and its strong customer understanding in high-clearance spraying equipment,” said John May, president of 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.”
Hagie will continue making sprayers in its current location at Clarion, Iowa. Financial terms of the arrangement were not disclosed.