Press release from Marketwire
Constellation Software Reaches Agreement to Acquire Selected Assets of John Deere Agri Services, Inc.
Wednesday, December 15, 2010
Constellation Software Reaches Agreement to Acquire Selected Assets of John Deere Agri Services, Inc.13:10 EST Wednesday, December 15, 2010TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Constellation Software Inc. ("Constellation") (TSX:CSU) today announced that it has entered into an asset purchase agreement for the purchase of selected assets of John Deere Agri Services, Inc., ("JDAS"), a division of Deere & Company. The transaction is expected to close in January 2011 subject to satisfaction of certain conditions typical in a transaction of this nature.JDAS is a provider of software solutions and services to the agri-business industry. Its portfolio of solutions includes the AGRIS and ExtendAg product suites serving the grains, oilseeds, fruit, and vegetable industries."This acquisition builds upon Constellation's agri-business platform providing new opportunities to expand our market footprint and offering in North America," said Jim Baker, President, Agri-Business division within Constellation. Other agri-businesses under the Constellation umbrella include UK-based organizations BMS Computer Solutions, Cal Software, and Kinross Software.About ConstellationConstellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries.FOR FURTHER INFORMATION PLEASE CONTACT: John BillowitsConstellation SoftwareChief Financial Officer(416) firstname.lastname@example.org