Rock Products

JUL 2017

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

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Page 12 of 63 ROCK products • July 2017 • 11 FAST FACT The strategic alliance agreement originally provided for high-level co-operation in the devel- opment of new markets by both companies. The company sees the potential for a number of compelling business oppor- tunities in markets on the West Coast including Seattle, Portland and Southern California, including San Diego, as well as further opportunities in Hawaii and other areas. The termination of the strategic alliance agreement and the joint co-operation and development agreements provides Polaris with improved strategic flexibility to achieve its objectives in these markets, according to the company. "Cemex has been, and continues to be, a valued partner to Polaris in the Northern California market, and we look forward to continuing to work closely with them, and advancing our joint business interests in this region pursuant to the aggregate supply and distribution agree- ment," Polaris said. The conclusion of the strategic alliance agreement does not prevent the compa- nies from working together in the future in other markets where a relationship is mutually beneficial. Deere & Co. has signed a definitive agree- ment to acquire the Wirtgen Group. The purchase price for the equity is EUR 4.357 billion in an all-cash transaction. The total transaction value is approximately EUR 4.6 billion ($5.2 billion based on current exchange rates), including the assump- tion of net debt and other consideration. Deere & Co. to Acquire Wirtgen Group The Wirtgen Group had sales of EUR 2.6 billion in the year ending Dec. 31, 2016. Deere expects the transaction to be accretive to earnings per share and cur- rently expects to fund the acquisition from a combination of cash and new equipment operations debt financing. Headquartered in Germany, the Wirtgen Group has five premium brands across the entire road construction sector spanning milling, processing, mixing, paving, compaction and rehabilitation: Wirtgen, Vögele, Hamm, Kleemann, Benninghoven and Ciber. "Wirtgen's Extra deep tread provides excellent traction Reinforced sidewalls minimize stone cuts and damage caused by scrubbing Special tear, cut & wear resistant compound for long wear life Specially designed rim guard ensures protection against damages in rim fl ange area Strong casing for durability and puncture resistancea BKT USA Inc. 2660 West Market St., Suite 100 Fairlawn (Akron) - OH 44333 Toll free: (+1) 888-660-0662 Offi ce: (+1) 330-836-1090 - Fax: (+1) 330-836-1091 Skid Power HD

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