CNH Industrial completes 90% capital stock purchase of Sampierana S.p.A.

Rhea-AI Summary

On December 30, 2021, CNH Industrial (NYSE: CNHI) announced the completion of its acquisition of 90% of Sampierana S.p.A., an Italian company specializing in earthmoving machines and spare parts. Initially announced on August 30, 2021, the remaining 10% will be acquired over the next four years to facilitate a smooth management transition. This acquisition strengthens CNH Industrial's position in the capital goods sector, enhancing its product offerings and market presence.

Positive

• Strengthening market position with the acquisition of 90% of Sampierana.
• Expansion of product offerings in earthmoving machinery.

Negative

• None.

London, December 30, 2021

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today that it has completed its purchase of 90% of the capital stock of Sampierana S.p.A. As previously announced on August 30, 2021, the acquisition of the remaining 10% of the transaction will occur over the course of the next four years, through predetermined mechanisms, to ensure a smooth managerial transition.

Sampierana is an Italian company specializing in the development, manufacture and commercialization of earthmoving machines, undercarriages and spare parts.

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

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Contacts:

Corporate Communications
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

Attachments

• 20211230_PR_CNH_Industrial_CE_Sampierana_Closing
• 20211230_CS_CNH_Industrial_CE_Sampierana_Closing

FAQ

What did CNH Industrial announce on December 30, 2021?

CNH Industrial announced the completion of its acquisition of 90% of Sampierana S.p.A.

What is Sampierana S.p.A. known for?

Sampierana S.p.A. specializes in the development and manufacture of earthmoving machines and spare parts.

When was the acquisition of Sampierana initially announced?

The acquisition of Sampierana was initially announced on August 30, 2021.

How long will it take for CNH Industrial to acquire the remaining 10% of Sampierana?

CNH Industrial will acquire the remaining 10% over the next four years.

What stock symbol is CNH Industrial listed under?

CNH Industrial is listed under the stock symbol CNHI.