Deere & Company is a worldwide producer of agricultural machinery headquartered in the United States. The company ventured into tractor manufacturing in 1918 after acquiring the Waterloo Gasoline Traction Engine Company located in Waterloo, Iowa. By 1963, Deere had established itself as the largest tractor manufacturer globally. Waterloo continues to be an important production facility for the company, which has since expanded its manufacturing operations across the globe.