CNH completes Kongskilde Industries acquisitionCNH completes Kongskilde Industries acquisition

CNH has completed its acquisition of the agricultural grass and soil business of Kongskilde Industries, previously part of the Danish group Dansk Landbrugs Grovvareselskab. The acquisition agreement was announced October 31, 2016.

Effective February 1, 2017, CNH Industrial will take over Kongskilde's business unit that develops, manufactures and sells solutions for agricultural applications for tillage, seeding and hay and forage under various brands, including Kongskilde, Överum, Howard and JF.

As a result of the acquisition, New Holland Agriculture will gain a significant extension to its product portfolio offering, while the Kongskilde brand, sales organizations, dealers and importers will continue to be developed and serviced.

Source: CNH Industrial