Deere, Wacker Neuson Announce Agreement
By Mike Osenga12 September 2018
John Deere said it is entering into a strategic supplier agreement with Wacker Neuson. The new agreement will initially be to provide Deere-branded compact excavators in China, Southeast Asia, and Oceania. The models will range from 1.7 to 7.5 tons (1700 to 7500 kg) and are specifically designed and manufactured for customers in the Asia-Pacific marketplace. The first units are expected to be delivered to John Deere during the first half of 2019.
The agreement will run for five years and can be extended in five-year increments. The initial rollout of four compact excavator models will begin in early 2019 and will predominantly be sourced from the new Wacker Neuson factory in Pinghu, China. Service and support of these machines will be offered through the John Deere dealer network. Meanwhile Wacker Neuson will continue to market light and compact equipment under the Wacker Neuson brand via its own dealer network.
“In partnering with Wacker Neuson, John Deere is leveraging the experience and success of their innovative and strongly customer-focused products to help us further develop our position in the Asia-Pacific region,” said David Thorne, senior vice president, sales & marketing, John Deere Construction & Forestry. “These excavators are purpose-built to meet the demands of customers and will be John Deere branded and sold through John Deere dealers.”