Deere & Co. announced Friday it will acquire a 50% stake in China's Xuzhou Xuwa Excavator Machinery Co. Ltd., a leading maker of construction equipment for the booming Chinese market. "Today's action provides Deere with a foundation in this important and rapidly expanding marketplace with an opportunity to leverage the expertise of XCG in China," said Samuel Allen, president of Deere's Worldwide Construction and Forestry Division.

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