Deere & Company (John Deere) has agreed to acquire US-based construction technology company Tenna for an undisclosed amount.
The agreement covers the purchase of Tenna, the company’s namesake integrated platform built 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, with completion expected by February 2026.
Following the acquisition, Tenna will continue its operations independently, offering services directly to clients in the construction sector under its existing tradename.
The company plans to maintain its focus on expanding its offering through its mixed-fleet management model.
With over a century of experience in construction, Tenna offers solutions designed to connect various aspects of fleet management.
The company states that its technology links operations between job sites, equipment shops and office locations, aiming to help contractors manage resources effectively.
Tenna’s platform automates workflows for contractors and enables near real-time monitoring of assets, delivering information on equipment status and trends.
The system seeks to support user decision-making related to 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, redesigned cab, improved climate control and ergonomic elements.
The new features aim to support operators working in underground construction and site development by enhancing comfort and jobsite visibility.
During John Deere’s Investor Day 2025 held on 8 December, the company said it plans to target a compound annual growth rate of 10% in net sales from 2025 through 2030.
Deere also intends to launch its first excavators designed in-house for the North American market in mid-2026.
According to the company, excavators account for roughly 40% of earthmoving equipment sales. The planned rollout will begin with products ranging from 1t to 50t.
In the fourth quarter of fiscal 2025, Deere’s Construction and Forestry segment sales rose 27% because of an increase in shipment volumes. Operating profit also grew 6%, mainly as a result of higher shipment volumes and changes in the sales mix.
The growth was partly reduced by higher production costs, which were influenced by increased tariffs and certain one-time items, reported the company.
“John Deere agrees to buy US construction tech firm Tenna” was originally created and published by World Construction Network, a GlobalData owned brand.
