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March 14, 2023

Insight Group acquires Deere & Co Russian leasing arm

The Insight Group completes acquisition of Russian leasing subsidiary of Deere & Co., the world's largest manufacturer of agricultural machinery and equipment.The amount of the transaction does not disclose, as Interfax reports. Since March 7, the Insight  Group has owned a 100% stake in John Deere Financial LLC, according to the data of the Russian Unified State Register of Legal Entities (EGRUL). Since May 2022, John Deere suspended shipments of machines to Russia and Belarus. "According to the terms of the deal, we have to rename the company, which will happen in the near future ...

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