CASE Construction Equipment is set to enhance its product offering, as CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced the execution of an agreement to immediately purchase 90% of the capital stock of Sampierana SpA, a privately-owned Italian company that specializes in the development, manufacturing and commercialization of earthmoving machines, undercarriages and spare parts, and to obtain 100% control of the company over four years following closing of the transaction.
Recognized in the construction sector for its line of Eurocomach mini and midi excavators and special undercarriages, Sampierana Group has recorded excellent performance year-over-year, particularly in Europe, and is acknowledged for its reliability, quality and innovative technology. Its broad product portfolio, high customization capacity and existing electric power prototypes are an ideal fit with CNH Industrial’s customer-centric and sustainable approach, and substantially augment the Company’s in house product and technology offering.
The acquisition will enable CASE Construction Equipment to integrate Eurocomach mini and midi excavators, Sampierana undercarriages and spare parts into its current product portfolio alongside those of its existing third-party OEM partners. Stefano Pampalone, President Construction, CNH Industrial, stated: “This agreement is an important step in our strategy for the future growth of our brand. It will enable us to better serve our customers with a full line of mini and midi excavators. Such a significant investment is testament to CNH Industrial’s commitment to our construction equipment business, better positioning our brands in the high-demand mini and midi excavator market by integrating our current range with products of proven quality and reliability.” Sampierana is based in Italy with its headquarters and production sites.
Furthermore, it operates a fully controlled subsidiary with production facilities in Kunshan, China.