Deere to acquire California tech company in $305M deal

Deere & Co. announced late Wednesday that it is acquiring Blue River Technology, a Silicon Valley startup considered a leader in applying machine learning to agriculture.

In a news release, the Moline-based Deere said it will invest $305 million to fully acquire the Sunnyvale, California-based Blue River Technology.

The acquisition also was announced Wednesday afternoon to the company’s 60-person staff by leadership from Blue River Technology and Deere. The transaction is expected to close in September.