CNH Industrial (CNHI) has agreed to acquire 90% interest in Sampierana, a provider of earthmoving machines, undercarriages and spare parts. The deal is expected to close in the fourth quarter of 2021. CNH Industrial engages in designing, production and sales of agricultural equipment and commercial vehicles. As per the terms of the deal, CNH Industrial will obtain 100% control of Sampierana over four years following the closing of the transaction. Also, the purchase price has been fixed at €101.8 million, which is expected to be funded with available cash in hand.
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CNH Industrial NV (NYSE:CNHI)
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