Farms.com Home   Farm Equipment News

New Holland Agriculture Completes Acquisition of Kongskilde Agriculture

Following the announcement made in October, New Holland Agriculture is set to expand its wide offering with new implement product lines, as CNH Industrial completed the acquisition of the agricultural Grass and Soil business of Kongskilde Industries, part of the Danish Group Dansk Landbrugs Grovvareselskab (DLG A.m.b.A.).
 
The business unit, which includes facilities in the EMEA, APAC and NAFTA regions, will be taken over by CNH Industrial on February 1st, 2017. As a result, New Holland Agriculture will extend its offering to include Tillage and Hay & Forage solutions under various brands, including Kongskilde, Överum, Howard and JF. The Kongskilde brand and sales organizations, dealers and importers will continue to operate with no disruption, ensuring continuity in its customers’ support. New Holland will gradually integrate the new agricultural implements into its own product offering.
 
“This is an important step in our strategy to provide our customers around the world innovative and complete solutions to their farming needs,” commented Carlo Lambro, New Holland Agriculture Brand President. “We are creating a strong global platform that will provide growth opportunities for the Kongskilde and New Holland Agriculture brands.”
 
Source : New Holland

Trending Video

NEW “FEMO” = AI STOCK FRENZY!

Video: NEW “FEMO” = AI STOCK FRENZY!


The new acronym on Wall Street is not “FOMO”, its “FEMO” - Fabulous Earnings Momentum. DELL this week crushed their earnings and revenue guidance sending the stock up 40%! Micron's valuation went from 500 billion to 1 trillion in 48 days!
U.S. Corn Belt drought expanding need timely rains in June.
Rumors this week that China was lowering U.S, ag tariffs and wanting to buy U.S. corn?
Flood could damage crops in China like corn and wheat.
U.S./Iran 60-day truce = lower crude oil futures by end of June.
U.S. urea futures down 28%.
Soy oil and canola futures technically breaking out
+ CFTC.