Deere & Company has agreed to acquire Bear Flag Robotics for USD 250 million. This deal would accelerate the development and delivery of farm automation and autonomy. It also supports John Deere’s long-term strategy of developing high-level machines with advanced technology to meet the needs of individual customers.
Deere first collaborated with Bear Flag Robotics in 2019 as part of the company’s startup collaborator program, which aims to improve collaboration with startup companies whose technology can add value to Deere customers.
Jahmy Hindman, Chief Technology Officer at John Deere, said Deere sees autonomy as a crucial step forward in allowing farmers to strategically leverage their resources to feed the world while creating more sustainable and profitable operations.
He added that Bear Flag’s talented team of agriculture professionals, engineers, and technologists has a track record of bringing advanced technology solutions to market. By combining that expertise and experience with Deere, they would deliver solutions to farmers.
Igino Cafiero, Co-founder, and CEO of Bear Flag Robotics stated that the challenge farmers face today is a loss of skilled labor to carry out time-sensitive operations that affect farming. Autonomy affords a safe and productive solution for challenges confronting farming.
Deere’s Dan Leibfried, Director – Automation & Autonomy, said that they look forward to working even closer together with the intention of supporting farmers to gain the best possible outcomes through advanced technology.
John Deere is an Illinois-based producer of agricultural, creation, forest machinery, and other gadgets.
Bear Flag Robotics is an automation business enterprise in Sunnyvale, California that provides self-reliant tractor fleets to farmers.