Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Deere & Company (also known as John Deere) is an American engineering company that manufactures agricultural, construction and forestry equipment.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Revenue(RF), mln.USD
35
Assets(RF), mln.USD
217
Capital(RF), mln.USD
103
Glob.Revenue, mln.USD
65239
Staff(RF), 2021
133
Taxes(RF), mln.USD
4

Deere sold its Russian leasing arm to the Moscow-based Insight Investment Group, but that didn’t entirely sever ties with the country. Deere did not initially close its Russian factory in Orenburg, which builds seeding and tillage equipment in the country’s south, or its parts depot and combine and tractor manufacturing facility in Domodedovo, outside Moscow. Both locations are still listed as a part of the company’s worldwide network.

The Company Statement
June 16, 2024

Deere said it suspended shipments of machines to Russia two weeks ago as the nation invaded Ukraine, and subsequently halted deliveries to Belarus. Insight Investment Group confirmed the acquisition of John Deere Financial LLC, a subsidiary of the U.S. company, but declined to disclose the price. 11.2023: FLIT LLC becomes the new founder of the organization of the leasing company. Partial exit as key company still not sold. Significantly reduced revenue in 2023 vs 2022. 06.2024: KOBLIC GROUP LLC becomes the new founder of the organization JOHN DEERE RUS LLC. The entry about the founders JOHN DEERE AGRICULTURAL HOLDINGS, INC. and DEERE & COMPANY were removed from the Unified State Register of Legal Entities.

June 16, 2024LLC "JOHN DEERE RUS" – Orenburg – General Director I. V. Movchan – TIN 5610085533
June 04, 2024LLC "JOHN DEERE RUS" – Orenburg – General Director I. V. Movchan – TIN 5610085533
April 26, 2023CNH Industrial Sells Russian Interests. Deere did not initially close its Russian factory in Orenburg
March 08, 2023Russia-based Insight Group acquires Deere & Co leasing arm
March 09, 2022Deere Stops Shipping Equipment to Russia and Belarus
March 09, 2022Caterpillar, Deere Join Firms Suspending Business in Russia
FLEET FINANCE LLC – Moscow – FLEET FINANCE LLC – General Director A.O. Karpenko – TIN 7728772647
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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