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CNH Industrial N.V. (symbol: CNHI) is a global leader in the capital goods sector, renowned for its extensive industrial experience and a wide array of products. The company boasts a significant presence worldwide, with each of its brands being a major international force within their specific industrial sectors. CNH Industrial's brands include:
- 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 Helieuz Bus for buses and coaches
- Iveco Astra for quarry and construction vehicles
- Magirus for firefighting vehicles
- Iveco Defence Vehicles for defence and civil protection
- FPT Industrial for engines and transmissions
Recently, CNH Industrial has achieved notable milestones. Case IH launched the new Axial-Flow Series 160 Automation in Brazil, incorporating advanced artificial intelligence for improved productivity. New Holland celebrated 60 years of its tractor factory in Basildon, England, by unveiling a special edition tractor and reinforcing its role as the Alternative Fuels Centre of Excellence. Furthermore, CASE presented an eco-friendly compact crawler tractor and a new wheel loader version at the M&T Expo 2024, emphasizing sustainability and efficiency.
Financially, CNH Industrial is robust, continuously investing in innovations and infrastructure, which is evident in the recent R$100 million investment in the Sorocaba plant in Brazil. The company also focuses on workforce training and technological advancements to maintain its competitive edge. Partnerships with local and international entities ensure that their products are always at the forefront of technology and efficiency.
In terms of environmental sustainability, CNH Industrial has made significant strides. The company supports World Environment Day and participates in initiatives to combat land degradation, desertification, and drought. The introduction of eco-friendly machinery, like the 100% electric mini excavators and the T6.180 Methane Power tractor, highlights their commitment to sustainability.
For more detailed information about CNH Industrial and its operations, visit their corporate website at www.cnhindustrial.com. For career opportunities, check their LinkedIn profile or the careers section on their website.
CNH Industrial (NYSE: CNHI) will announce its financial results for the Second Quarter of 2021 on July 30, 2021. The company will host a live audio webcast at 3:30 p.m. CEST, allowing investors to access the latest financial insights. A replay will be available for two weeks post-call. CNH Industrial is known for its leadership in capital goods, offering a diverse range of products across various industrial sectors. For more details, visit www.cnhindustrial.com.
On July 15, 2021, the CNH Industrial Foundation announced a significant US$250,000 grant to Team Rubicon, aimed at supporting its Ready Reserve fund for disaster response operations. This grant marks the largest single contribution made by the Foundation to Team Rubicon, a veteran-led non-profit that provides emergency response teams globally. The partnership emphasizes the Foundation's commitment to community empowerment and disaster relief, with many CNH Industrial employees actively volunteering with Team Rubicon to further assist communities in need.
CNH Industrial N.V. (NYSE: CNHI) announces the appointment of Domenico Nucera as head of the Bus Business Unit, effective October 1, 2021, succeeding Sylvain Blaise. Nucera brings over 20 years of experience in the automotive sector, having held various roles, including Head of Quality and Product Support for Powertrain. Gerrit Marx, the designated CEO of the new On-Highway business, praised Nucera's qualifications and customer service focus. Blaise will continue to play a significant role in France, a key market for CNH Industrial.
CNH Industrial (NYSE: CNHI) announces key leadership appointments ahead of the spin-off of its On-Highway business, effective October 1, 2021. Annalisa Stupenengo will lead global Operations, overseeing manufacturing, quality, logistics, and purchasing. With significant experience from CNH Industrial and Fiat Chrysler, she moves from her role as President Powertrain. Sylvain Blaise, with 20 years in the Group, will head the Powertrain Business Unit, having previously driven the success of the Bus Business Unit. These changes aim to strengthen leadership during the upcoming transition.
On July 1, 2021, CNH Industrial N.V. (NYSE: CNHI) announced the appointments of Scott Moran as Chief Business System Officer and Kelly Tolbert as Chief Diversity & Inclusion, Sustainability and Transformation Officer. These leadership changes aim to enhance customer focus and commitment to diversity, inclusion, and sustainability. Moran, with over 30 years of experience in quality and operations, will lead a new Business System initiative. Tolbert brings expertise in talent management and organizational design, promising to shape CNH Industrial's diversity strategy and overall agility.
CNH Industrial N.V. (NYSE: CNHI) announced leadership changes in its Firefighting Business Unit, effective July 1, 2021. Thomas Hilse will succeed Marc Diening as CEO of Magirus, which forms part of the new On-Highway business expected to operate separately from CNH Industrial in early 2022. Hilse brings 25 years of industry experience, having previously served as IVECO Brand President since late 2019. Gerrit Marx, designated CEO of the On-Highway business, expressed confidence in Hilse's leadership and appreciation for Diening's contributions over his five-year tenure.
CNH Industrial N.V. (NYSE: CNHI) announced its agreement to acquire 100% of Raven Industries, Inc. (NASDAQ: RAVN) at $58 per share, totaling an enterprise value of approximately $2.1 billion. This represents a 33.6% premium over Raven's recent stock price. The transaction, funded by CNH's cash reserves, aims to enhance CNH's position in precision agriculture. Expected to close in Q4 2021, the acquisition is projected to generate $400 million in revenue synergies and $150 million in incremental EBITDA by 2025.
CNH Industrial has announced an agreement to acquire Raven Industries for $58 per share, totaling $2.1 billion in enterprise value, reflecting a 33.6% premium over Raven's recent stock price. The deal aims to enhance CNH's position in the precision agriculture sector and is expected to close in Q4 2021 pending regulatory and shareholder approvals. The acquisition is set to generate approximately $400 million in annual revenue synergies by 2025, translating to an additional $150 million in EBITDA. The transaction will be financed using CNH Industrial's cash reserves.
CNH Industrial and Nikola Corporation have partnered to develop zero-emission heavy-duty trucks, leveraging both battery and hydrogen fuel-cell technologies. This collaboration, which began in late 2019, aims to significantly reduce carbon emissions in North America and Europe. Prototypes of the Nikola Tre battery-electric vehicle have already been built, and testing is underway. The partnership emphasizes a commitment to a cleaner future, showcasing innovative designs and advanced engineering efforts.
CNH Industrial N.V. (NYSE: CNHI) announced the appointment of Gerrit Marx as the Chief Executive Officer of its forthcoming On-Highway business, set for independent operations in early 2022. The new entity encompasses various brands including IVECO, IVECO BUS, and Magirus. Gerrit Marx, who joined CNH Industrial in 2019, brings over 20 years of automotive experience from companies like Daimler and Bain Capital. The board expresses confidence in his leadership abilities to advance the new segment.
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