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 including Kongskilde, verum and JF, each brand covers farming, sowing and forage and silage field development tools and manufacturing solutions. Kongskilde will continue to operate through its current sales organization, as well as the network of distributors and importers, to ensure continuity of support for its customers.
It is reported that the acquisition will add an important new product portfolio in Holland, so that their products are significantly extended and enhanced. New Holland has a leadership role in the field of long grass, the business can be traced back to 1940 for the farmers in the United States launched the first automatic collecting baler, this is a major breakthrough in the field of forage harvesting. Over the years, it is committed to meeting the needs of customers to meet the forward-looking thinking has been promoting its development, developed for harvesting, drying, hug, bale and stacking of the complete product series. Today, Holland is the world's leading brand and North American industry leader in the pasture machinery and farm machinery market.
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 power in the field of agricultural machinery as well as the Kongskilde of the grass and farming equipment sector and dealer network of professional knowledge to develop the brand and its business.
"The acquisition of Kongskilde's farming, seeding, and grass and silage machinery has added an important product line, which will further expand Holland's product line in the field of agricultural machinery. At the same time, Kongskilde distributors and importers network will continue to provide services to its 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, including the transfer of Kongskilde farming, sowing, and grass and grass silage machinery related assets. The Department's manufacturing operations include two European factories located in Poland and Sweden, as well as other factories located in the Middle East and Africa (EMEA) and the North American Free Trade Area (NAFTA). The transaction is also to meet the customary closing conditions, including regulatory approval.
"We are Kongskilde, verum and JF products and brand reputation to join case new Holland industrial group proud. We hope to consolidate these legacy heritage, and through our sales network throughout the world, significantly expanding its product market." Case new Holland industrial CEO Richard Tobin (RichardTobin) said.
