New Holland successfully acquired kongskilde company
Case new Holland Industrial (CNHIndustrial) days before the signing of the agreement to acquire DLGA.m.b.A. Kongskilde industrial group company's pasture and farming equipment business department, new Holland will expand its range of products through new product line tools.
The Department is committed to providing agricultural development and manufacturing solutions covering farming, sowing, and forage and silage for various brands, including Kongskilde, verum and JF. Kongskilde will continue to operate through its current sales organization as well as dealer and importer networks to ensure continuity of support for its customers.
It is reported that the acquisition will add an important product portfolio for new Holland, so that its products have been greatly expanded and enhanced. New Zealand has a long history of leadership in the field of forage equipment, and its business dates back to the first automatic pickup baler launched by American farmers in 1940, a major breakthrough in the field of forage harvesting in Holland. For many years, its forward-looking thinking, which is dedicated to meeting customer needs, has been promoting its development. It has developed a complete product series for harvesting, drying, assembling, bundling and stacking. Today, Holland is the world's leading brand and North American industry leader in the field of forage machinery and agricultural machinery equipment.
The acquisition of new Holland is an important part of the strategy, through tillage and seeding equipment increased in the product mix and expand its forage and silage machinery products, providing innovative and complete solutions to meet the needs of agriculture for global customers. New Holland will use its global strength in the field of agricultural machinery and the expertise of Kongskilde's Forage and farming equipment sector and dealer networks to develop brands and their businesses.
The acquisition of Kongskilde's farming, seeding, and forage and silage machinery business has added an important product line, which will further expand the line of agricultural machinery in Holland. At the same time, Kongskilde dealers and importers network will continue to provide services to their customers. This acquisition will provide opportunities for growth and create a powerful platform for the development of Kongskilde business and brand, we will gradually be integrated into the product portfolio in the "new Holland, new Holland brand President Carlo Lambro (CarloLambro) said.
It is understood that the acquisition includes the transfer of Kongskilde tillage, sowing and forage and silage machinery related assets. Its manufacturing operations include two European factories located in Poland and Sweden, and other plants located in the Middle East and Africa (EMEA) and the North American Free Trade Area (NAFTA). The transaction also needs to meet customary closing conditions, including regulatory approvals.
"We are Kongskilde, verum and JF products and brand reputation to join case new Holland industrial group proud. We want to consolidate these proud legacy, and expand our product market significantly through our global sales network." RichardTobin, CEO of case Holland, said.
