CNH Industrial
European multinational corporation From Wikipedia, the free encyclopedia
European multinational corporation From Wikipedia, the free encyclopedia
CNH Industrial N.V. is an American-Italian multinational corporation[4] with global headquarters in Basildon, United Kingdom,[5][6] but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. The company is listed on the New York Stock Exchange. The company is incorporated in the Netherlands. The seat of the company is in Amsterdam, Netherlands, with a principal office in London, England.[7]
| |
| Company type | Public (N.V.) |
|---|---|
| ISIN | NL0010545661 |
| Industry | |
| Predecessors | |
| Founded | 2012 |
| Headquarters | Amsterdam, Netherlands |
Area served | Worldwide |
Key people |
|
| Products | |
| Brands | |
| Revenue |  €25.69 billion (2023) |
| €1,21 billion (2019) | |
| €2.37 billion (2023) | |
| Total assets | €43,78 billion (2019) |
| Total equity | €22,73 billion (2019) |
| Owner | Exor (26.89% equity; 45.10% voting rights) |
Number of employees | 40,220 (December 2023) |
| Website | cnh |
| Footnotes / references [1][2][3] | |
Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment (Case IH and New Holland brand families). Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures.[8] In 2019 CNH Industrial employed more than 63,000 people in 67 manufacturing plants and 56 research and development centers. The company operates across 180 countries.[5] Following the execution of the deed of demerger from CNH Industrial N.V., Iveco Group was established on 1 January 2022.
CNH Industrial products are marketed globally through several brands in two operating segments: agriculture and construction.
In agricultural equipment, CNH Industrial is a manufacturer of agricultural tractors and combines, including hay and forage equipment and specialty harvesting equipment.
Case IH manufactures agricultural tractors, balers, coffee harvesters, combines, cotton pickers, planters, sugar cane harvesters, and tillage equipment, sold through a global network of dealers.[9]
New Holland Agriculture manufactures agricultural tractors, balers, combines, forage harvesters, grape harvesters, hay tools, material handlers, planters, seeders, sprayers, tillage equipment and grounds care. New Holland has manufacturing facilities and offices in several countries and an international distribution network.[10]
Steyr is an Austrian manufacturer of tractors for the agricultural, forestry and municipal sectors.[11]
In construction equipment, CNH Industrial manufactures machinery, including backhoe loaders and skid-steer loaders in North America, and crawler excavators in Western Europe.
Case Construction Equipment offers construction equipment, including backhoe loaders, articulated trucks, crawler and wheeled excavators (including compact), telehandlers, motor graders, wheel loaders (including compact), vibratory compaction rollers, crawler dozers, skid steers, compact track loaders, tractor loaders and rough-terrain forklifts.
New Holland Construction manufactures construction equipment including crawler and wheeled excavators, wheel loaders, backhoes loaders, skid steer loaders, dozers, telehandlers, mini-wheel loaders compact track loaders, mini and midi excavators and graders.[10]
CNH Industrial offers financial services under the brand name CNH Industrial Capital. CNH Industrial Capital offers financial products and services to dealers and customers in North America, Australia, Brazil and Western Europe. The principal products offered are retail financing for the purchase or lease of new and used CNH Industrial equipment and wholesale financing to its dealers. Wholesale financing consists primarily of floor plan financing and allows dealers to purchase and maintain a representative inventory of products.[12] The retail financing is offered in North America, Brazil, Australia and Europe through wholly owned subsidiaries and in Western Europe through the joint venture with BNP Paribas Lease Group.[13]
CNH Industrial brands provides after-sales parts, service and support to their customers, both at the dealerships and in the field. Parts support is offered for items in their current product lines and past products, up to 20 years. Parts distribution is operated through parts depots present on all five continents.[14]
CNH Industrial has a network of more than 11,500 dealers and distributors spread across approximately 170 countries worldwide. Dealers are independent and not owned by CNH Industrial, with the exception of 12 dealerships in North America and Europe.[15] CNH Industrial manufacturing base includes 37 facilities in Europe, Latin America, North America and Asia.[16]
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 | |
| Industry | Agricultural machinery Heavy equipment Capital lending |
|---|---|
| Predecessor | Case Corporation New Holland Agriculture |
| Founded | 1999 |
| Defunct | 2013 |
| Fate | Merger |
| Successor | CNH Industrial |
| Headquarters | Amsterdam, Netherlands |
| Revenue | 23,551,000,000 United States dollar (2022)  |
| 638,000,000 United States dollar (2016) | |
| 2,029,000,000 United States dollar (2022) | |
| Total assets | 47,384,000,000 United States dollar (2016) |
Number of employees | 62,828 (2016) |
| Parent | CNH Industrial |
CNH Global NV was the holding company for the multinational manufacturer of agricultural and construction equipment established on 12 November 1999, through the merger of Case and New Holland. Effective 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V.
CNH's scope included integrated engineering, manufacturing, marketing and distribution of equipment on five continents. CNH's operations were organized into three business segments: agricultural equipment, construction equipment and financial services.
As of 31 December 2012, CNH manufactured its products in 37 facilities throughout the world and distributes its products in approximately 170 countries through approximately 11,500 full line dealers and distributors.[25]
Milestones include:
 | |
| Company type | Società per azioni |
|---|---|
| Industry | Heavy equipment |
| Founded | July 2010 (incorporated) |
| Defunct | September 29, 2013 |
| Fate | Merger |
| Successor | CNH Industrial |
| Headquarters | Turin, Italy |
Key people | Sergio Marchionne (Chairman) |
| Products | Trucks, construction and agricultural machinery, industrial and marine powertrains |
| Revenue | €25.8 billion (2012)[38] |
| €2.1 billion (2012)[38] | |
| €921 million (2012)[38] | |
| Total assets | 47,384,000,000 United States dollar (2016) |
Number of employees | 68,257 (end 2012)[38] |
| Subsidiaries | CNH Global (87.4%), Iveco, FPT Industrial |
Fiat Industrial S.p.A. was an Italian company into which Fiat S.p.A. (parent company of Fiat Group) demerged most of its activities not directly related to automobiles at the start of 2011.[39] Fiat Industrial served as a holding company for the activities of truck manufacturer Iveco; an 89.3% stake in the agricultural and construction equipment producer CNH Global; and FPT Industrial, which consists of the industrial and marine activities formerly part of Fiat Powertrain Technologies. The company's Chairman was Sergio Marchionne, who also served as CEO of Fiat S.p.A. and Chairman/CEO of Chrysler Group LLC, now merged as Fiat Chrysler Automobiles.[40]
On 1 January 2011, each existing share of Fiat S.p.A. was converted into one Fiat share and one Fiat Industrial share. This resulted in Exor (the holding company controlled by the Agnelli family), the largest shareholder of Fiat with a stake of around 30%, holding an equivalent stake in Fiat Industrial.[41] Exor has however raised the possibility of the future sale of some of its stake.[42]
In September 2011, the company entered the DJSI World and Europe indexes as leader in the Industrial Engineering sector.
On 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V., a company incorporated in the Netherlands. Fiat Industrial shareholders received one CNH Industrial common share for every Fiat Industrial share held and CNH Global shareholders received 3.828 CNH Industrial common shares for every CNH Global common share held. CNH Industrial N.V. was subsequently listed on both the NYSE and the Milan stock exchange (Mercato Telematico Azionario. For additional information, see CNH Industrial N.V.[43]
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