CNH Industrial today announced its agreement to acquire the Australian agricultural implement manufacturer K-Line Ag. This acquisition will add tillage and residue management equipment and will enhance the crop production portfolios of Case IH and New Holland Agriculture.
According to reports, Sergio Marchionne will retire after this year and Andreas Klauser, Case IH brand president, has accepted the CEO position at Palfinger.
Generally, North American farm equipment dealers remain positive about their prospects for improving sales in the year ahead, according to the most recent results from the monthly Ag Equipment Intelligence Dealer Sentiments & Business Conditions Update survey.
I have to admit, the last couple of times I wrote in this space and talked about many of the positives we were seeing and hearing about in terms of industry sales, I wondered if it was just a blip on the radar screen. Well, so far, it looks like it’s holding.
Net sales of Industrial Activities were $6,331 million in the third quarter of 2017, up 15.9% compared to the third quarter of 2016. Net income was $57 million for the third quarter of 2017 and includes $53 million of restructuring charges as part of the company's Efficiency Program.
Deere & Co., best known for its dominance in farm equipment industry, made a big and unexpected move on June 1 when it announced it would be expanding the reach of its Construction & Forestry division by acquiring the German construction equipment maker Wirtgen Group. Most industry analysts covering the heavy equipment market agree that the acquisition represented a major strategic acquisition that will strengthen the company’s equipment operations on several fronts.
Kongskilde Industries' owner, DLG Group (DLG a.m.b.a.) has entered into an agreement to sell the Grass and Soil activities of Kongskilde Industries to CNH Industrial N.V. With the transaction, the DLG Group continues to follow its strategy to divest non-core activities and strengthen its focus on core business areas.
Titan Machinery and CNH Industrial continued their long-standing partnership and financial support of Minnesota State Community and Technical College by providing a $100,000 contribution to the CNH Industrial "Forging the Future" Diesel Equipment Technology program and the new Transportation Center on M State's Moorhead campus.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
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