Deere & Company has announced a deal to acquire PLA, an Argentina-based company that manufactures sprayers, planters and specialty equipment for agriculture.
Financial terms of the agreement were not disclosed.
“The PLA acquisition enhances John Deere’s commitment to customers as we continue to provide innovative, cost-effective equipment, technology, and services to improve their productivity,” said John May, President, Agricultural Solutions & Chief Information Officer at Deere.
PLA was founded in 1975 — the first company to make self-propelled sprayers in Latin America. The company has 450 employees and manufacturing facilities in Las Rosas, Argentina, and Canoas, Brazil.
It’s the third sprayer company acquisition for Deere in the last three years, as Deere acquired majority ownership in Iowa-based Hagie Manufacturing through a joint venture in 2016 and purchased Italian sprayer manufacturer Mazzotti in 2017.