Company type | Public |
---|---|
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] |
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]
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]
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]
A skid loader, skid-steer loader (SSL), or skidsteer is any of a class of compact heavy equipment with lift arms that can attach to a wide variety of buckets and other labor-saving tools or attachments.
Excavators are heavy construction equipment primarily consisting of a boom, dipper, bucket, and cab on a rotating platform known as the "house" - although the largest form ever, the dragline excavator, eliminated the dipper in favor of a line and winch.
A loader is a heavy equipment machine used in construction to move or load materials such as soil, rock, sand, demolition debris, etc. into or onto another type of machinery.
A backhoe is a type of excavating equipment, or excavator, consisting of a digging bucket on the end of a two-part articulated arm. It is typically mounted on the back of a tractor or front loader, the latter forming a "backhoe loader". The section of the arm closest to the vehicle is known as the boom, while the section that carries the bucket is known as the dipper, both terms derived from steam shovels. The boom, which is the long piece of the backhoe arm attached to the tractor through a pivot called the king-post, is located closest to the cab. It allows the arm to pivot left and right, typically through a range of 180 to 200 degrees, and also enables lifting and lowering movements.
A backhoe loader, also called a loader backhoe, loader excavator, tractor excavator, digger or colloquially shortened to backhoe within the industry, is a heavy equipment vehicle that consists of a tractor-like unit fitted with a loader-style shovel/bucket on the front and a backhoe on the back. Due to its (relatively) small size and versatility, backhoe loaders are very common in urban engineering and small construction projects as well as developing countries. This type of machine is similar to and derived from what is now known as a TLB (Tractor-Loader-Backhoe), which is to say, an agricultural tractor fitted with a front loader and rear backhoe attachment.
Heavy equipment, heavy machinery, earthmovers, construction vehicles, or construction equipment, refers to heavy-duty vehicles specially designed to execute construction tasks, most frequently involving earthwork operations or other large construction tasks. Heavy equipment usually comprises five equipment systems: the implement, traction, structure, power train, and control/information.
Steyr Tractor is an Austrian agricultural machinery manufacturer. The company was founded in 1864 in St. Valentin, Austria, and manufactures tractors. It was part of the Steyr-Daimler-Puch conglomerate from 1934 until 1990 and was purchased by Case Corporation in 1996. Case IH and New Holland merged in 1999 to form CNH Global, which in turn merged with Fiat Industrial in 2012 to form CNH Industrial.
Case IH is an American agricultural machinery manufacturer. It was created in 1985 when Tenneco bought selected assets of the agricultural division from International Harvester and merged it into its J.I. Case Company. Today Case IH is owned by CNH Industrial, an American-Italian corporation.
Case Construction Equipment is an Italian manufacturer of construction machinery. Along with CASE IH, Case Construction Equipment is a brand of CNH. Case produces construction equipment including excavators, motor graders, wheel loaders, vibratory compaction rollers, crawler dozers, skid steers, and compact track loaders.
The Case Corporation was a manufacturer of agricultural machinery and construction equipment. Founded, in 1842, by Jerome Increase Case as the J. I. Case Threshing Machine Company, it operated under that name for most of a century. For another 66 years it was the J. I. Case Company, and was often called simply Case. In the late 19th century, Case was one of America's largest builders of steam engines, producing self-propelled portable engines, traction engines and steam tractors. It was a major producer of threshing machines and other harvesting equipment. The company also produced various machinery for the U.S. military. In the 20th century, Case was among the ten largest builders of farm tractors for many years. In the 1950s its construction equipment line became its primary focus, with agricultural business second.
New Holland is a global full-line agricultural machinery manufacturer founded in New Holland, Pennsylvania, and now based in Turin, Italy. New Holland's products include tractors, combine harvesters, balers, forage harvesters, self-propelled sprayers, haying tools, seeding equipment, hobby tractors, utility vehicles and implements, and grape harvesters. Originally formed as the New Holland Machine Company in 1895, the company is now owned by CNH Industrial N. V., a company incorporated in the Netherlands.
A heavy equipment operator operates heavy equipment used in engineering and construction projects. Typically only skilled workers may operate heavy equipment, and there is specialized training for learning to use heavy equipment.
McCormick Tractors International Ltd. is the agricultural machinery company formed in 2000 when Case IH divested assets in order to gain European Union regulatory approval to merge with New Holland Ag. The initial assets of McCormick bought by ARGO SpA were the Case IH tractor manufacturing plant in Doncaster, England, the rights to the Case IH model C, CX and MX-C and a licence to build MX Maxxum tractors. Most of the remainder of the Case IH and New Holland assets became CNH Global. The tractors are named for the McCormick family of Chicago and Virginia.
ARGO SpA is a family-owned Italian holding company owned by the Morra family that manufactures agricultural machinery. Founded by Valerio Morra in 1980, the company is based in Fabbrico, Emilia-Romagna, Italy. ARGO main products are tractors and combine harvesters.
Steelfab was a Cardiff, Wales-based engineering firm that built the "Steelfab Digger", a competitor to the HyMac and JCB excavators in the 1960s. The company also built the Horndraulic brand of front loaders for fitting to agricultural tractors.
New Holland Construction is a multinational construction machinery manufacturer founded in New Holland, Pennsylvania, and now based in Turin, Italy. New Holland Construction produces construction equipment including backhoes, excavators and loaders. Originally formed as the New Holland Machine Company in 1895, the company is now owned by CNH Industrial N. V., a company incorporated in the Netherlands.
LiuGong, officially Guangxi LiuGong Machinery Co., Ltd., is a Chinese multinational construction machinery manufacturing company headquartered in Liuzhou, China. It is the world's 10th-largest construction equipment manufacturer by market share and the world's largest manufacturer of wheel loaders.
Fiat Trattori S.p.A. was a Fiat group company founded in 1919, and was a constructor of agricultural equipment, tractors in particular. Over its decades of history, it established itself as Italy's leading constructor and one of the biggest in Europe; in 1991, it took over Ford-New Holland and adopted its name to increase its status on the world markets. In 1999, New Holland acquired Case Corporation to create CNH Global, in which Fiat Industrial was the majority shareholder until the two firms merged to create CNH Industrial in 2013.
Fiatallis, was a brand of heavy equipment, such as loaders, bulldozers, backhoes, scrapers, and graders. It began in January 1974, when Allis-Chalmers's construction equipment business was reorganized into a joint venture with Fiat SpA, which bought a 65% majority stake at the outset.
CNH Industrial, the Italian group
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