Workflow
Tenna's construction technology platform
icon
Search documents
Deere to Scale Customer-Focused Mixed-Fleet Business with Tenna Buyout
ZACKSยท 2025-12-24 19:40
Group 1: Acquisition Announcement - Deere & Company announced the acquisition of construction technology company Tenna to scale and grow its business using Tenna's customer-focused mixed-fleet model [1][7] - Tenna is part of The Conti Group and provides a platform that automates and optimizes construction operation workflows [2] - The deal is expected to close in February 2026, pending regulatory approvals, with Tenna continuing to operate independently under its own brand [3][7] Group 2: Financial Performance - Deere reported fourth-quarter fiscal 2025 earnings of $3.93 per share, missing the Zacks Consensus Estimate of $3.96, and reflecting a 14% decrease from the prior-year quarter due to higher production costs and tariff impacts [4] - Net sales of equipment operations reached $10.6 billion, a 14% year-over-year increase, surpassing the Zacks Consensus Estimate of $9.99 billion; total net sales, including financial services, were $12.4 billion, up 11% year over year [5] Group 3: Stock Performance - Deere's shares have increased by 9.2% over the past year, outperforming the industry's growth of 6.9% [6]