Bell and John Deere to end partnership

By Andy Brown09 September 2020

South African based Bell Equipment has reportedly revealed that the company and John Deere have agreed to end the working relationship which sees Bell Equipment distribute Bell-branded but Deere-designed and manufactured products in certain markets in Southern Africa through its own network or via subdealers.

B60E-06252-press

Bell Equipment’s B60E

The company said it will stop distributing Deere products from January 2023, but will keep providing aftermarket, technical and product support to its customers for a further ten years.

It has been reported that Bell Equipment will transition from an exclusive to a non-exclusive Deere dealer arrangement from March 2021.

Accoridng to an article on engineering news US-based John Deere – the world’s third largest construction OEM by sales figures – will sell its 31.4% stake in Bell to IA Bell and Company. John Deere first invested into Bell over 20 years ago.

Bell Equipment recently reported a R52 million (US$3.1 million) half-year loss for the six months to June with revenue falling 24%. However, Bell’s share price climbed by approximately 30% following the John Deere announcement.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Is electric equipment the answer?
Construction equipment is rapidly evolving to become greener and cleaner
Why ESG-linked loans are impacting construction finances
A way to help fight the climate crisis or a pile of greenwash? How ESG-linked loans are entering the corporate mainstream 
Meeting productivity demands: new compaction equipment
How new roadbuilding and compaction equipment is meeting productivity demands, while keeping emissions low
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA