CNH Global NV, a worldwide leader in the agricultural and construction equipment businesses, announced today that it has signed an agreement with Kverneland Group, a leading international company developing, producing and distributing agricultural machinery and services in many regions of the world.
Under the agreement, Kverneland Group will supply the CNH brand New Holland Agriculture in the North American region (U.S., Canada and Mexico) with agricultural cutting and preparation equipment, including triple cutters and rakes.
With this agreement, New Holland confirms its commitment to expand its product offering to best meet the needs of professional agricultural producers in key dairy and livestock markets and geographies where New Holland has been a historical leader.
"New Holland is very pleased with this new and important relationship with Kverneland Group," said Abe Hughes, vice president New Holland Agricultural Equipment. "With this agreement, Kverneland Group and CNH will begin a partnership that has the potential to include future product development, leveraging the strengths of these two agricultural equipment leaders."
"Kverneland Group sees this as an important opportunity to strengthen its position as a leading supplier of agricultural implements," said Ingvald Loyning, CEO of Kverneland. "We are proud to announce that these key products will be made available to North American farm operations through the strong New Holland network. This is an important development for us and we are confident that the complementary strengths of partnership will make this a long term success for our joint customers."
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by approximately 11,300 dealers in around 170 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange CNH +2.60% , is a majority-owned subsidiary of Fiat Industrial S.p.A. (mi:FI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com .
Kverneland Group is a leading international company developing, producing and distributing agricultural machinery and services. Its activities are mainly focused on grass and arable implements, covering all market segments: plough, soil, seeding, crop care, cutting & preparation, and bale equipment.
Kverneland Group is listed on the Oslo Stock Exchange (ose:KVE), employs 2,300 people, and has leading market positions in Europe and CIS and exports to more than 80 countries throughout the world. More information about Kverneland Group and its Vicon and Kverneland branded products can be found online at www.kvernelandgroup.com .