CNH Purchase Kongskilde
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Western promise
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New Holland Buy Kongskilde
31st October 2016
New Holland Agriculture will expand its wide offering with new implement product lines as a result of CNH Industrial’s agreement to acquire the agricultural Grass and Soil business of Kongskilde Industries, part of the Danish Group Dansk Landbrugs Grovvareselskab (DLG A.m.b.A.). This business develops, manufactures and sells solutions for agricultural applications in the Tillage, Seeding and Hay & Forage segments under various brands, including Kongskilde, Överum and JF. Kongskilde will continue to operate through its current sales organization and its dealer and importer network ensuring continuity in its customers’ support.
Major extension of the New Holland Agriculture product offering
This acquisition will create a major extension and enhancement of New Holland’s offering with the addition of a key product portfolio. New Holland has a long history of leadership in the hay tools which dates back to 1940, when it made a major breakthrough in hay harvesting with the introduction of the first self-tying automatic pick-up baler to the American farmers. Throughout the years it has been motivated by its forward-thinking commitment to respond to its customers’ requirements and has developed a complete product offering of hay equipment for cutting, tedding, raking, baling and stacking. Today New Holland is a Global leading brand and an industry-leader in North America in the hay tools and agricultural equipment markets.
The agreement is an important element in New Holland’s strategy to provide customers around the world with innovative and complete solutions to their farming needs by adding tillage and seeding equipment to its product portfolio and extending its hay and forage offering. New Holland will leverage its worldwide strength in the agricultural industry and the expertise of the Kongskilde Grass and Soil organisation and dealer network to grow the brand and its business.
“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. 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”, said Carlo Lambro, Brand President of New Holland Agriculture.
Transfer of Tillage, Seeding and Hay and Forage assets
The acquisition comprises a transfer of assets related to the Tillage, Seeding and Hay & 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. The transaction is subject to various closing conditions, including regulatory approvals.
“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.
New Holland Buy Kongskilde
31st October 2016
New Holland Agriculture will expand its wide offering with new implement product lines as a result of CNH Industrial’s agreement to acquire the agricultural Grass and Soil business of Kongskilde Industries, part of the Danish Group Dansk Landbrugs Grovvareselskab (DLG A.m.b.A.). This business develops, manufactures and sells solutions for agricultural applications in the Tillage, Seeding and Hay & Forage segments under various brands, including Kongskilde, Överum and JF. Kongskilde will continue to operate through its current sales organization and its dealer and importer network ensuring continuity in its customers’ support.
Major extension of the New Holland Agriculture product offering
This acquisition will create a major extension and enhancement of New Holland’s offering with the addition of a key product portfolio. New Holland has a long history of leadership in the hay tools which dates back to 1940, when it made a major breakthrough in hay harvesting with the introduction of the first self-tying automatic pick-up baler to the American farmers. Throughout the years it has been motivated by its forward-thinking commitment to respond to its customers’ requirements and has developed a complete product offering of hay equipment for cutting, tedding, raking, baling and stacking. Today New Holland is a Global leading brand and an industry-leader in North America in the hay tools and agricultural equipment markets.
The agreement is an important element in New Holland’s strategy to provide customers around the world with innovative and complete solutions to their farming needs by adding tillage and seeding equipment to its product portfolio and extending its hay and forage offering. New Holland will leverage its worldwide strength in the agricultural industry and the expertise of the Kongskilde Grass and Soil organisation and dealer network to grow the brand and its business.
“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. 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”, said Carlo Lambro, Brand President of New Holland Agriculture.
Transfer of Tillage, Seeding and Hay and Forage assets
The acquisition comprises a transfer of assets related to the Tillage, Seeding and Hay & 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. The transaction is subject to various closing conditions, including regulatory approvals.
“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.
Saw that indeed, I guess it's CNH as a whole rather than just the NH arm
farmerbill
Member
Yellow trailed foragers back on the menu? Wasn't there rumours of this several months ago and they were largely quashed?
fergie35
Member
- Location
- Oxfordshire
No it's just the NH arm.
Why would that be then?
holywell farmer
Member
- Location
- holywell, north wales
Seems strange they want back in trailed market
- Location
- Pinnaroo. South Australia
Doubt this will be good for jf and the rest. New holland in North America don't have a good reputation of making companies better once they buy them.
Flexicoil as an example have gone from supplying vast amounts of air seeders annually to barely keeping the factory open
Flexicoil as an example have gone from supplying vast amounts of air seeders annually to barely keeping the factory open
Think Kongskilde have been looking for a buyer for quite some time now.
Can't really see it being a great asset to them. Kverneland, Kuhn, Amazone & Lemken stuff all generally viewed as being superior so you are not going to buy Kongskilde version instead just because it is NH branded?
Could be a good few dealers disappointed if they have to ditch a better franchise just to keep NH happy too.
Can't really see it being a great asset to them. Kverneland, Kuhn, Amazone & Lemken stuff all generally viewed as being superior so you are not going to buy Kongskilde version instead just because it is NH branded?
Could be a good few dealers disappointed if they have to ditch a better franchise just to keep NH happy too.
The Badger
Member
Well they hardly sell any spfh's
goatfarmer
Member
On a tangent, is new holland construction being wound up by CNH, I was told by a case construction rep as I am pricing up skid steers from both
holywell farmer
Member
- Location
- holywell, north wales
Thought there uk market share wasn't badWell they hardly sell any spfh's
Western promise
Member
John Deere bought Monosem precision drill's France in February .
sulky
Member
- Location
- northyorkshire
any know why the industriel division has bought it and not agri or is something else in the pipeline
Pheasant Surprise
Member
- Location
- Woodbridge, Suffolk
From Kubota? They're must just about ready to start painting the gear orange, don't tell them it's yellow now.