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CNH Industrial N.V. — M&A Activity 2021
Apr 17, 2021
6229_rns_2021-04-17_0654e7d3-057b-49ff-a644-9d85ef97e31f.pdf
M&A Activity
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Statement from CNH Industrial
London, April 17, 2021
CNH Industrial confirms that it is has terminated discussions with FAW Jiefang with regard to the Company's On-Highway business, and is continuing to pursue its existing plans for a spinoff of these activities in early 2022.
CNH Industrial believes there are significant opportunities to develop its On-Highway business by accelerating the deployment of ever more sustainable transport solutions and infrastructure, in line with the EU's Green Deal ambitions.
CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com
Contacts:
Corporate Communications Email: [email protected]
Investor Relations Email: [email protected]
CNH Industrial N.V. 25 St. James's Street London, SW1A 1HA United Kingdom