Deere & Company (John Deere) has agreed to acquire US construction technology company Tenna for an undisclosed sum.
The deal involves the purchase of Tenna, the company’s namesake integrated platform designed for tracking and managing mixed fleet equipment and other assets in the construction industry.
Tenna currently operates under the Conti Group.
The transaction remains subject to regulatory approval and is expected to be completed by February 2026.
Following the acquisition, Tenna will continue to operate independently, offering services directly to construction industry clients under its current brand.
The company plans to continue its focus on expanding its offerings through its blended fleet management model.
With over a century of construction experience, Tenna offers solutions designed to connect different aspects of fleet management.
The company says its technology connects operations between job sites, equipment stores and offices, with the goal of helping contractors manage resources efficiently.
Tenna’s platform automates workflows for contractors and enables near real-time monitoring of assets, providing information on equipment status and trends.
The system seeks to support user decision-making regarding equipment maintenance and project coordination.
Deere & Company, founded in 1837, manufactures construction, agricultural and forestry machinery.
In June this year, John Deere announced updates to its backhoe range, adding a rear camera system, a redesigned cabin, improved air conditioning and ergonomic features.
The new features aim to support operators working in underground construction and site development by improving comfort and visibility on the job site.
At John Deere’s 2025 Investor Day, held on December 8, the company announced its intention to target a 10% compound annual growth rate in net sales from 2025 to 2030.
Deere also intends to launch its first in-house designed excavators for the North American market in mid-2026.
According to the company, excavators account for about 40% of earthmoving equipment sales. The planned deployment will begin with products ranging from 1 ton to 50 tons.
In the fourth quarter of fiscal 2025, sales in Deere’s Construction and Forestry segment increased 27% due to an increase in shipping volumes. Operating profit also increased 6%, primarily due to higher shipping volumes and changes in sales mix.
Growth was partly reduced by higher production costs, influenced by increased customs duties and some one-off items, the company said.
“John Deere agrees to buy US construction technology company Tenna” was originally created and published by World Construction Network, a brand owned by GlobalData.
