New Holland Agriculture has announced, based on CNH Industrial’s agreement, the acquisition of agricultural 'Grass and Soil' business of Kongskilde Industries.
This business, part of the Danish Group Dansk Landbrugs Grovvareselskab, develops, manufactures and sells solutions for agricultural applications.
The acquisition will allow New Holland to create a major extension and enhancement product offering with the addition of a key product portfolio.
“The acquisition of the Tillage, Seeding and Hay and Forage activities of Kongskilde adds a key product range that will further broaden New Holland Agriculture’s product offering within the agricultural machinery sector”, said Carlo Lambro, Brand President of New Holland Agriculture.
“In the meantime the Kongskilde dealer and importer network will remain the reference point for their customers.
“This agreement will provide growth opportunities and create a strong platform to develop the Kongskilde business and its brands and we will also gradually integrate their products in the New Holland portfolio.”
The acquisition comprises a transfer of assets related to the Tillage, Seeding and Hay and Forage activities of Kongskilde Industries. The manufacturing footprint of this business includes two plants in Europe, located in Poland and Sweden, and other facilities in the EMEA, APAC and NAFTA regions
“We are proud to welcome the well-established products and brands of Kongskilde, Överum and JF into the CNH Industrial Group. It is our intention to build upon these proud heritages and significantly increase their market access as part of our worldwide distribution network,” commented Richard Tobin, CEO of CNH Industrial.
