John Deere has announced its agreement to acquire Tenna, a construction technology firm focused on mixed-fleet equipment operations and asset tracking, aiming to enhance operational efficiency and productivity for contractors.

Target Information

John Deere & Company has entered into an agreement to acquire Tenna, a company specializing in construction technology based in New Hope, Pennsylvania. Tenna provides innovative solutions for mixed-fleet equipment operations and asset tracking, enabling contractors to optimize their workflows effectively. The acquisition aims to enhance John Deere's capabilities in maintaining a comprehensive view of equipment operations, including trends and maintenance needs.

Tenna's integrated platform is designed to automate various construction operations, enabling better job site coordination and improved productivity for contractors. It promises to deliver near real-time insights into equipment operations, enhancing visibility and strategic planning for construction projects.

Industry Overview

The construction technology sector has been experiencing significant growth in recent years, driven by the increasing demand for automation and efficiency in equipment managem