{"id":524299,"date":"2021-08-05T13:03:09","date_gmt":"2021-08-05T17:03:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/john-deere-acquires-bear-flag-robotics-to-accelerate-autonomous-technology-on-the-farm\/"},"modified":"2021-08-05T13:03:09","modified_gmt":"2021-08-05T17:03:09","slug":"john-deere-acquires-bear-flag-robotics-to-accelerate-autonomous-technology-on-the-farm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/john-deere-acquires-bear-flag-robotics-to-accelerate-autonomous-technology-on-the-farm\/","title":{"rendered":"John Deere Acquires Bear Flag Robotics to Accelerate Autonomous Technology on the Farm"},"content":{"rendered":"
\n

-John Deere has acquired Bear Flag Robotics, an agriculture technology startup based in Silicon Valley.<\/h2>\n

-Bear Flag’s technology enables a machine to work in a field autonomously.<\/h2>\n

-Bear Flag’s technology complements Deere’s own technology initiatives and goals to help farmers achieve the best possible outcomes and solve meaningful challenges through advanced technology, including autonomy.<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n MOLINE, Ill.<\/span>, Aug. 5, 2021<\/span> \/PRNewswire\/ — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire\u00a0Bear Flag Robotics for $250 million USD<\/span>.\u00a0Founded in 2017, the\u00a0Silicon Valley-based startup develops autonomous driving technology\u00a0compatible with\u00a0existing machines. The deal\u00a0accelerates\u00a0the development\u00a0and delivery\u00a0of\u00a0automation and\u00a0autonomy\u00a0on the farm and supports John Deere’s long-term\u00a0strategy to\u00a0create\u00a0smarter machines with advanced technology to support individual customer needs.\u00a0<\/p>\n

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\n
\n \"John
\n <\/a>\n <\/p>\n<\/p><\/div>\n

“Deere views autonomy as an important step forward in enabling farmers to leverage their resources strategically to feed the world and create more sustainable and profitable operations,” said\u00a0Jahmy\u00a0Hindman, Chief Technology Officer at John Deere. “Bear Flag’s team of talented agriculture professionals, engineers and technologists have a proven ability to deliver advanced technology solutions to market. Joining that expertise and experience with Deere’s expertise in autonomy, along with our world-class dealer channel, will accelerate the delivery of solutions to farmers\u00a0that address the immense challenge of feeding a growing world.”\u00a0\u00a0<\/p>\n

Deere first started working with Bear Flag in 2019\u00a0as part of the company’s Startup Collaborator program, an initiative focused on enhancing work with startup companies whose technology could add value for Deere\u00a0customers. Since then, Bear Flag has successfully deployed its autonomous solution on a limited number of farms in the U.S.\u00a0\u00a0<\/p>\n

“One of the biggest challenges farmers face today is the availability of skilled\u00a0labor\u00a0to execute time-sensitive operations that impact farming outcomes. Autonomy offers a safe and productive alternative to address that challenge head on,” said Igino Cafiero<\/span>, co-founder and CEO of Bear Flag Robotics. “Bear Flag’s mission to increase global food production and reduce the cost of growing food through machine automation is aligned with Deere’s and we’re excited to join the Deere team to bring autonomy to more farms.”\u00a0<\/p>\n

The\u00a0Bear Flag team consists of agriculture professionals, engineers and technologists focused on autonomy, sensor fusion, vision, data,\u00a0software\u00a0and hardware. They will remain in Silicon Valley where they will work closely with Deere to accelerate innovation and autonomy for customers across the world.\u00a0\u00a0<\/p>\n

“Deere and Bear Flag are highly complementary from both a technology and mission perspective,” said Dan\u00a0Leibfried, Director \u2013 Automation & Autonomy at Deere. “We look forward to working even closer together with the ultimate goal of helping farmers achieve the best possible outcomes through advanced technology like autonomy.”\u00a0<\/p>\n

Deere & Company (www.JohnDeere.com<\/a>) is a world leader in providing advanced products,\u00a0technology\u00a0and services for customers whose work is revolutionizing agriculture and construction \u2014 those who\u00a0cultivate, harvest, transform, enrich and build upon the land to meet the world’s increasing need for food, fuel, shelter and infrastructure.\u00a0<\/p>\n

Bear Flag Robotics’ (www.BearFlagRobotics.com<\/a>) mission is to increase global food production, while decreasing the cost of growing food through machine automation. The company makes autonomous technology for agricultural tractors, increasing safety,\u00a0reliability\u00a0and profitability on farms.\u00a0<\/p>\n

\n Safe Harbor Statement<\/b>\u00a0
Statements in this release contain forward-looking information related to Deere, Bear Flag, and the\u00a0acquisition that is based on current expectations and involves risks and uncertainties that could cause actual results, performance, events, or transactions to differ materially from those expressed or implied by such statements.\u00a0<\/p>\n

Forward-looking statements in this release include, among other things, statements about Deere and Bear Flag’s plans, objectives, expectations, business, and\u00a0intentions; the\u00a0potential benefits of the\u00a0acquisition; and the anticipated operating synergies. Risks and uncertainties include, among other things, risks that the expected benefits from the acquisition will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; significant transaction costs; unknown or understated liabilities; other business risks, including the effects of industry, market, general economic, political or regulatory conditions; future currency exchange and interest rates; changes in tax and other laws, regulations, rates and policies; and future business combinations or disposals. In addition, actual results, performance,\u00a0events, and transactions\u00a0are subject to other risks and uncertainties that relate more broadly to Deere’s overall business, including those more fully described in Deere’s filings with the U.S. Securities and Exchange Commission (“SEC”) (including, but not limited to, the factors discussed in Item 1A. Risk Factors of Deere’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q). In light of these risks, uncertainties, and other factors, you are cautioned not to place undue reliance on the forward-looking information. Deere, except as required by law, undertakes no obligation to update or revise the forward-looking statements, whether as a result of new developments or otherwise.\u00a0<\/p>\n

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\n
\n \"John
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/john-deere-acquires-bear-flag-robotics-to-accelerate-autonomous-technology-on-the-farm-301349496.html<\/a><\/p>\n

SOURCE Deere & Company<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

-John Deere has acquired Bear Flag Robotics, an agriculture technology startup based in Silicon Valley. -Bear Flag’s technology enables a machine to work in a field autonomously. -Bear Flag’s technology complements Deere’s own technology initiatives and goals to help farmers achieve the best possible outcomes and solve meaningful challenges through advanced technology, including autonomy. PR Newswire MOLINE, Ill., Aug. 5, 2021 \/PRNewswire\/ — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire\u00a0Bear Flag Robotics for $250 million USD.\u00a0Founded in 2017, the\u00a0Silicon Valley-based startup develops autonomous driving technology\u00a0compatible with\u00a0existing machines. The deal\u00a0accelerates\u00a0the development\u00a0and delivery\u00a0of\u00a0automation and\u00a0autonomy\u00a0on the farm and supports John Deere’s long-term\u00a0strategy to\u00a0create\u00a0smarter machines with advanced technology to support individual customer needs.\u00a0 “Deere views autonomy as an important … <\/p>\n

Continue reading “John Deere Acquires Bear Flag Robotics to Accelerate Autonomous Technology on the Farm”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-524299","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nJohn Deere Acquires Bear Flag Robotics to Accelerate Autonomous Technology on the Farm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/john-deere-acquires-bear-flag-robotics-to-accelerate-autonomous-technology-on-the-farm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"John Deere Acquires Bear Flag Robotics to Accelerate Autonomous Technology on the Farm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"-John Deere has acquired Bear Flag Robotics, an agriculture technology startup based in Silicon Valley. -Bear Flag’s technology enables a machine to work in a field autonomously. -Bear Flag’s technology complements Deere’s own technology initiatives and goals to help farmers achieve the best possible outcomes and solve meaningful challenges through advanced technology, including autonomy. PR Newswire MOLINE, Ill., Aug. 5, 2021 \/PRNewswire\/ — Deere & Company (NYSE: DE) has signed a definitive agreement to acquire\u00a0Bear Flag Robotics for $250 million USD.\u00a0Founded in 2017, the\u00a0Silicon Valley-based startup develops autonomous driving technology\u00a0compatible with\u00a0existing machines. 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