Acquisition Overview - Deere & Company has agreed to acquire Tenna, a US-based construction technology company, for an undisclosed amount, with the transaction subject to regulatory approval and expected completion by February 2026 [1] - Following the acquisition, Tenna will operate independently under its existing tradename, focusing on expanding its mixed-fleet management model [2] Technology and Operations - Tenna's technology integrates operations across job sites, equipment shops, and office locations, helping contractors manage resources effectively [3] - The platform automates workflows and enables near real-time monitoring of assets, providing insights on equipment status and trends to support decision-making [3] Company Background and Market Strategy - Deere & Company, established in 1837, manufactures construction, agricultural, and forestry machinery, and has recently updated its backhoe range to enhance operator comfort and jobsite visibility [4] - During its Investor Day 2025, Deere announced a target of 10% compound annual growth rate in net sales from 2025 to 2030 and plans to launch in-house designed excavators for the North American market in mid-2026, with excavators representing approximately 40% of earthmoving equipment sales [5] Financial Performance - In the fourth quarter of fiscal 2025, Deere's Construction and Forestry segment sales increased by 27% due to higher shipment volumes, while operating profit grew by 6%, although growth was tempered by increased production costs [6]