CNH Industrial acquires Australian implement manufacturer K-Line Ag
05 November 2019 - 12:00AM
London, November 4, 2019
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI),
today announced its agreement to acquire the Australian
agricultural implement manufacturer K-Line Ag. This acquisition
will add key tillage and residue management equipment, which is key
to ensuring optimal seedbed preparation, fundamental for productive
yields, and will further enhance the crop production portfolios of
Case IH and New Holland Agriculture, the global agricultural
equipment brands of CNH Industrial. K-Line has become the number
one tillage manufacturer in Australia by designing robust and
reliable products for some of the world’s harshest soil
conditions.
CNH Industrial’s commitment to growing its
global agricultural business focuses on placing technological
advancements at the service of its brands’ global customer base and
developing an advanced digital farming offering. These are core
pillars of its Agricultural Segment’s growth strategy, and the
integration of leading-edge tillage and residue management
equipment is an important step in achieving this aim.
“The acquisition of K-Line Ag is further
concrete expression of the Agricultural Segment’s stated aim of
seeking both strategic acquisitions to enhance their respective
agricultural offerings, as well as their role as industry
consolidators,” stated Hubertus Mühlhäuser, Chief Executive
Officer, CNH Industrial. “Our brands will now be able to even
better serve their customers, thanks to K-Line Ag’s outstanding
product portfolio and knowledgeable team who now join the CNH
Industrial
family.” K-Line
Ag, a pioneering leader and innovator in the agricultural implement
business in Australia, founded in 1993, is headquartered in Cowra,
New South Wales, Australia, and expanded into North America in
2013. K-Line products will be available in Case IH dealerships in
North America and through the Case IH, New Holland, and K-Line
networks in Australia and New Zealand.
CNH Industrial
N.V. (NYSE: CNHI /MI: CNHI) is a global leader in
the capital goods sector with established industrial experience, a
wide range of products and a worldwide presence. Each of the
individual brands belonging to the Company is a major international
force in its specific industrial sector: Case IH, New Holland
Agriculture and Steyr for tractors and agricultural machinery; Case
and New Holland Construction for earth moving equipment; Iveco for
commercial vehicles; Iveco Bus and Heuliez Bus for buses and
coaches; Iveco Astra for quarry and construction vehicles; Magirus
for firefighting vehicles; Iveco Defence Vehicles for defence and
civil protection; and FPT Industrial for engines and transmissions.
More information can be found on the corporate website:
www.cnhindustrial.com
Sign up for corporate news alerts from the CNH
Industrial Newsroom:
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Media
contacts:
Laura Overall Corporate Communications
ManagerCNH Industrial Tel. +44 (0)2077 660
338
E-mail: mediarelations@cnhind.com
- 20191104_PR_CNH_Industrial_Acquires_KLine
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