31-JAN-2017
CNH Industrial announces completion of Kongskilde Agriculture acquisition
SUBSCRIBE TO RSS FEED
XMLCNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today that the Company has completed its acquisition of the agricultural Grass and Soil business of Kongskilde Industries, previously part of the Danish Group Dansk Landbrugs Grovvareselskab (DLG A.m.b.A.). The acquisition agreement was previously announced by the two parties on October 31, 2016.
Effective February 1, 2017 CNH Industrial will take over DLG A.m.b.A’s business unit that develops, manufactures and sells solutions for agricultural applications for Tillage, Seeding and Hay & Forage under various brands, including Kongskilde, Överum, Howard and JF.
As a result, New Holland Agriculture, one of the Company’s global agricultural machinery brands, will gain a significant extension to its product portfolio offering, while the Kongskilde brand, sales organizations, dealers and importers will continue to be developed and serviced.
Effective February 1, 2017 CNH Industrial will take over DLG A.m.b.A’s business unit that develops, manufactures and sells solutions for agricultural applications for Tillage, Seeding and Hay & Forage under various brands, including Kongskilde, Överum, Howard and JF.
As a result, New Holland Agriculture, one of the Company’s global agricultural machinery brands, will gain a significant extension to its product portfolio offering, while the Kongskilde brand, sales organizations, dealers and importers will continue to be developed and serviced.
London, January 31, 2017
DOCUMENT DOWNLOAD
-
EN
CNH Industrial announces completion of Kongskilde Agriculture acquisition
-
IT
CNH Industrial annuncia il completamento dell'acquisizione di Kongskilde Agriculture
-
FR
CNH Industrial annonce la finalisation de l'acquisition de Kongskilde Agriculture
-
DE
CNH Industrial gibt Abschluss der Übernahme von Kongskilde Agriculture bekannt
MORE FROM CNH INDUSTRIAL CORPORATE
SUBSCRIBE TO RSS FEED
XML-
IVECO wins prestigious iF DESIGN AWARD 2020 for the IVECO S-Way heavy duty truck
-
CNH Industrial reports 2019 Consolidated revenues of $28.1 billion, Net income of $1,454 million and Adjusted net income of $1,178 million (or $0.84 per share). Net debt of Industrial Activities at $854 million
-
CNH Industrial brands IVECO and FPT together with Nikola Motor Company announce future Nikola TRE production in Ulm, Germany
CONTACTS
-
Richard GadeselliHead of Corporate CommunicationsUnited Kingdomrichard.gadeselli@cnhind.com+44 (0)207 7660 346
-
Laura OverallCorporate Communications ManagerUnited Kingdomlaura.overall@cnhind.com+44 (0)207 7660 338+44 (0)7725 632 959
