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DEERE & COMPANY SIGNS AGREEMENTS WITH TWO CZECH COMPANIES

 MOLINE, Ill., April 22 /PRNewswire/ -- Deere & Company (NYSE: DE) today announced the signing of cooperative agreements with Zetor s.p. and Brno Diesel, both of Brno, the Czech Republic, with respect to agricultural tractors and diesel engines.
 Under the terms of the agreement, Deere & Company has secured certain distribution rights to the Zetor line of 40-85 h.p. agricultural tractors and the Brno Diesel line of engines. Deere's distribution of the Zetor and Brno Diesel products will be phased in over the next few years. Initial distribution plans are targeted to markets in Latin America and the Far East.
 In addition, a variety of joint engineering projects will be undertaken. Deere also has an option to make future investments in Zetor and Brno Diesel if it is determined to be mutually beneficial.
 Deere & Company Chairman and Chief Executive Officer Hans W. Becherer said, "The agreements with Zetor and Brno Diesel offer Deere access to lower-price product lines that are complementary to Deere's current products, and that can be effectively targeted to market segments of importance to the company around the world.
 "With these agreements, Deere is better positioned to take advantage of growth opportunities in emerging markets," Becherer said.
 Terms of the transaction were not disclosed.
 -0- 4/22/93
 /CONTACT: Robert J. Combs, 309-765-5014, for Deere & Company/
 (DE)


CO: Deere & Company ST: Illinois IN: MAC SU:

LD -- NY132 -- 9721 04/22/93 16:42 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
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