Deere & Company has closed the sale of its irrigation operations to Israeli private equity firm FIMI Opportunity Funds. No financial terms were disclosed. Headquartered in Moline, Illinois, Deere & Company is a maker of agricultural machinery.
MOLINE, Ill., May 30, 2014 /PRNewswire/ — Deere & Company (NYSE: DE) announced today it has substantially completed the sale of its irrigation operations pending certain regulatory approvals. In February, Deere reported it had reached a definitive agreement to sell the John Deere Water operations to FIMI Opportunity Funds, the leading private equity firm in Israel. Terms of the transaction were not made public.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.