John Deere, Wacker Neuson form Asian partnership
John Deere has entered into a strategic supplier agreement with Wacker Neuson, an equipment manufacturer and supplier based in Munich, Germany.
Under terms of the agreement, Wacker Neuson will provide John Deere compact excavators in China, Southeast Asia, and Oceania. The models will range from 1.7-7.5 tons and are specifically designed and manufactured for customers in the growing Asia-Pacific marketplace. The objective of the partnership is long-term collaboration in key growth markets, the companies said.
"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 and 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."
While both companies are committed to long-term strategic collaboration, the agreement will run for 5 years and can be extended in 5-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.
Under terms of the agreement, Wacker Neuson will provide John Deere compact excavators in China, Southeast Asia, and Oceania. The models will range from 1.7-7.5 tons and are specifically designed and manufactured for customers in the growing Asia-Pacific marketplace. The objective of the partnership is long-term collaboration in key growth markets, the companies said.
"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 and 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."
While both companies are committed to long-term strategic collaboration, the agreement will run for 5 years and can be extended in 5-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.