NEW HOLLAND, Pa. — New Holland Agriculture will expand its offering with new implement product lines as a result of CNH Industrial’s agreement to acquire the agricultural Grass and Soil business of Kongskilde Industries, part of the Danish Group Dansk Landbrugs Grovvareselskab.
This business develops, manufactures and sells solutions for agricultural applications in the Tillage and Hay and Forage segments under various brands, including Kongskilde, Overum and JF.
Kongskilde will continue to operate through its current sales organization and its dealer network ensuring continuity in its customers’ support.
This acquisition will create an extension and enhancement of New Holland’s offering with the addition of a key product portfolio.
New Holland has a history in the hay tools which dates back to 1940, with the introduction of the first self-tying automatic pick-up baler to the American farmers.
The agreement is an element in New Holland’s global strategy to provide customers around the world with innovative and complete solutions to their farming needs by adding tillage equipment to its product portfolio and extending its hay and forage offering.
The acquisition comprises a transfer of assets related to the tillage and hay and forage activities of Kongskilde Industries.
The manufacturing footprint of this business includes two plants in Europe, located in Poland and Sweden, and other facilities in the Europe, Middle East, Africa, Asia Pacific and North American Free Trade Agreement regions.
The transaction is subject to various closing conditions, including regulatory approvals.
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