John Deere agrees to buy US construction tech firm Tenna

Deere & Company (John Deere) has agreed to get US-based operation exertion institution Tenna for an undisclosed amount.

The statement covers the acquisition of Tenna, the company’s namesake integrated level built for tracking and managing mixed-fleet instrumentality and different assets successful the operation industry.

Tenna presently operates nether The Conti Group.

The transaction remains taxable to regulatory approval, with completion expected by February 2026.

Following the acquisition, Tenna volition proceed its operations independently, offering services straight to clients successful the operation assemblage nether its existing tradename.

The institution plans to support its absorption connected expanding its offering done its mixed-fleet absorption model.

With implicit a period of acquisition successful construction, Tenna offers solutions designed to link assorted aspects of fleet management.

The institution states that its exertion links operations betwixt occupation sites, instrumentality shops and bureau locations, aiming to assistance contractors negociate resources effectively.

Tenna’s level automates workflows for contractors and enables adjacent real-time monitoring of assets, delivering accusation connected instrumentality presumption and trends.

The strategy seeks to enactment idiosyncratic decision-making related to instrumentality attraction and task coordination.

Deere & Company, founded successful 1837, manufactures construction, agricultural, and forestry machinery.

In June this year, John Deere announced updates to its backhoe range, adding a rear camera system, redesigned cab, improved clime power and ergonomic elements.

The caller features purpose to enactment operators moving successful underground operation and tract improvement by enhancing comfortableness and jobsite visibility.

During John Deere’s Investor Day 2025 held connected 8 December, the institution said it plans to people a compound yearly maturation complaint of 10% successful nett income from 2025 done 2030.

Deere besides intends to motorboat its archetypal excavators designed in-house for the North American marketplace successful mid-2026.

According to the company, excavators relationship for astir 40% of earthmoving instrumentality sales. The planned rollout volition statesman with products ranging from 1t to 50t.

In the 4th fourth of fiscal 2025, Deere’s Construction and Forestry conception income roseate 27% due to the fact that of an summation successful shipment volumes. Operating nett besides grew 6%, chiefly arsenic a effect of higher shipment volumes and changes successful the income mix.

The maturation was partially reduced by higher accumulation costs, which were influenced by accrued tariffs and definite one-time items, reported the company.

"John Deere agrees to bargain US operation tech steadfast Tenna" was primitively created and published by World Construction Network, a GlobalData owned brand.