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John Deere has announced a collaborative supply agreement with Wacker Neuson to produce and distribute compact excavators for the North American market. The deal follows Deere and Hitachi ending their joint venture in March to produce and market excavators for the Americas.

The long-term exclusive supply agreement between Deere and Wacker Neuson covers compact excavators weighing less than 5 metric tons, including battery-electric excavators sold in North America. Deere will also develop and manufacture 5- to 9-metric-ton excavators that incorporate designs from Wacker Neuson.

The deal will strengthen both companies鈥� positions in the compact excavator market across the world, they say.

In 2018, the two companies entered a similar agreement for the Asia-Pacific market. For that region, Wacker Neuson is building Deere-branded excavator models from 1.7 to 7.5 tons. The machines are built at a Wacker Neuson factory in Pinghu, China, and are only being offered in China, Southeast Asia and Oceania, which includes Australia and New Zealand.

The new agreement now encompasses the North American market with machines being completed at Wacker Neuson鈥檚 plants in Menomonee Falls, Wisconsin, and Linz, Austria.

Wacker Neuson will now also design and build Deere-branded compact excavator models less than 5 metric tons specifically for the North American market. The machines will be distributed under the John Deere brand via Deere鈥檚 network of dealers. Wacker Neuson will continue to distribute its models in the same product range.

鈥淓xcavators are an integral part of our customers鈥� jobsites, and we anticipate growing demand to continue,鈥� said Domenic Ruccolo, senior vice president, sales, marketing and product support, global construction equipment, John Deere. 鈥淎s we look to the future of our excavator lineup, this agreement will allow us greater flexibility as we continue to deliver a robust product portfolio that prioritizes the operator experience.鈥�

Wacker Neuson management also is confident the agreement will accelerate profits in the medium term. Plans are for a multimillion investment to expand production capacity.

鈥淲e are very much looking forward to adding another layer to our growth strategy through this OEM agreement with John Deere for mini and compact excavators,鈥� said Karl Tragl, chairman of the executive board and CEO of the Wacker Neuson Group. 鈥淥ur relationship with John Deere has been a successful collaboration that spans many years in both the agricultural and construction sectors. Our product and manufacturing excellence complements John Deere鈥檚 established market reach in North America to open outstanding business opportunities in the attractive mini and compact excavator market segment.鈥�