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Deere to review strategic options for John Deere Water operations

Deere to review strategic options for John Deere Water operations 
MOLINE, Ill., Sept. 3, 2013 /CNW/ - Deere & Company announced today it will 
review strategic options for its irrigation operations known as John Deere 
Water and has retained Bank of America Merrill Lynch as exclusive financial 
advisor to assist in the initiative. Deere said no formal decisions have been 
made and no agreements have been reached concerning the company's irrigation 
operations. 
Deere noted that effective water management remains an important part of 
agriculture worldwide. The company will continue to develop and offer products 
and services to help customers better manage agronomic activities in the field. 
While Deere will assess strategic options for its irrigation operations, it 
remains committed to further enhancing products such as its in-field moisture 
sensing and climate monitoring system known as John Deere Field Connect™ - 
one of several elements in the company's John Deere FarmSight™ strategy. 
Deere has been involved in the production of irrigation products for the past 
seven years. John Deere Water is currently one of the world's largest 
full-line drip irrigation manufacturers with global operations and significant 
distribution in North and South America, Asia, Europe and Africa. 
Deere & Company (NYSE: DE) is committed to the success of customers whose work 
is linked to the land, providing advanced products and services to cultivate, 
harvest, transform, enrich and build upon the land to meet the world's 
dramatically increasing need for food, fuel, shelter and infrastructure. For 
more information, visit John Deere at www.JohnDeere.com.
 

SOURCE  Deere & Company 
Ken Golden, Director, Global Public Relations, 309-765-5678 
http://www.deere.com 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/September2013/03/c9771.html 
CO: Deere & Company
ST: Illinois
NI: RET AGR UTI  
-0- Sep/03/2013 14:00 GMT