LONDON, November 30, 2021 — (BUSINESS WIRE) – CNH Industrial NV (NYSE: CNHI / MI: CNHI) announced that it has completed the acquisition of Raven Industries, Inc. , an American leader in precision agriculture technology. it is based on a long partnership and is a vital step in the virtual transformation of CNH Industrial.
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“Raven is a true pioneer in the precision agriculture sector, and its generation is one of the best strategies with compatibility that will set us apart from our peers and, in particular, from our competitive position,” said Scott Wine, CEO of CNH Industrial. Load robust innovation features to drive our virtual accuracy and strategy. I would like to congratulate the Raven and CNH Industrial groups for working hard in combination on an elegant transition to move this transformative transaction forward.
CNH Industrial focuses on creating quick prices for your logo spouse’s distributors and their customers, farmers around the world. The first in-house products with fully incorporated Raven precision farming systems will be available in 2022.
Headquartered in Sioux Falls, South Dakota, Raven was founded more than 65 years ago and has created a leadership position in precision agriculture, high-performance specialty films, and aerospace and defense solutions.
CNH Industrial NV (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods industry with established advertising expertise, a wide range of products and a global presence. Each of the individual brands owned by the Company is a primary foreign force in its express advertising sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earthmoving machinery; Iveco for car advertising; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and structure cars; Magirus for firefighting cars; Iveco defense cars for defense and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the company’s website: www. cnhadvertisement. com
Forward-Looking Statements All statements other than forward-looking statements of fact contained in this press release, adding statements related to our long-term responses and the effects of the COVID-19 pandemic; competitive strengths; business strategy; long-term economic condition or effects of contradictions with them; budgets; projections of income, income, gains (or losses) consistent with stocks, capital expenditures, dividends, liquidity, capital disposal or other economic elements; costs; and the control plans and objectives related to incompatible products and actions are forward-looking statements. These statements may come with terms such as “possibly”, “will be”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “prospects”, ” continue “,” stay “,” on track “,” design “,” goal “,” goal “,” goal “,” forecast “,” projection “,” perspective “,” plan “Array or similar terminology. Forward-looking statements, adding those similar to the COVID-19 pandemic, are not consistent long-term compliance promises. Rather, they are based on perspectives and assumptions consistent with existence and involve known and unknown dangers, uncertainties, and other issues, many of which are beyond our control and difficult to predict. If any of those dangers and uncertainties materialize (or if they remain with a degree of severity that the Company cannot predict) or if other assumptions underlying any of the forward-looking statements turn out to be incorrect. strategic plans, the effects or progressions may differ materially from any long-term effects or progression expressed or implied through the forward-looking statements. Factors, hazards and uncertainties that may also cause actual effects to differ materially from those considered through the forward-looking statements come with, but are not limited to: unknown duration and economic effects, inconsistent with the global COVID pandemic -19 and motions taken or considered through the government or other government in relation to the pandemic in our business, employees, customers and suppliers, adding disruptions of the chain of origin caused by mandatory closures and the negative have an effect on customers . Third party components to satisfy your legal responsibilities towards us; the disruption caused by business responses to COVID-19, adding diversities of remote execution, which can create greater vulnerability to cybersecurity incidents or knowledge privacy; our ability to execute business continuity plans after COVID-19; the many intersimilar points have effects on customer confidence and global demand for capital goods and products similar to capital goods, adding the uncertainty of demand caused by COVID-19; general economic situations in each of our markets, adding significant economic uncertainty and volatility caused by COVID-19; travel bans, border closures, other restrictions on freedom of movement and the advent of social distancing measures in our services are likely to have an effect on our ability to function in the long term, as well as the ability of our suppliers and distributors. to work; adjustments in government policies related to banking, economic and fiscal policy; legislation, especially with regard to problems similar to capital goods such as agriculture, the environment, debt relief policies and subsidy programs, industry and infrastructure progression; government policies on foreign industry and investment, adding sanctions, import quotas, capital controls and tariffs; the volatility of foreign industry caused by the imposition of tariffs, sanctions, embargoes and industrial wars; the movements of competition in the various industries in which we compete; progression and use of new technologies and technological challenges; the interpretation or adoption of new compliance needs related to engine emissions, protection or other facets of our products; production tricks, adding capacity and source limitations and overstock points; hard working relationships; interest rate and exchange rate; inflation and deflation; energy costs; costs of agricultural products; home start-ups and other design activities; our ability to discharge financing or refinance existing debt; pressure on the cost of new and used vehicles; the resolution of disputes and pending investigations on a wide diversity of topics, adding disputes between merchants and suppliers, follow-up of personal disputes consisting of various jurisdictions after the resolution of the EU antitrust investigation announced on July 19, 2016, related disputes with intellectual asset rights, product warranties and defective product claims, and regulatory and counter-emissions and / or fuel economy issues; our pension plans and other post-employment legal responsibilities; upcoming progressions of the COVID-19 pandemic in our concordances with, chains of origin, distribution network and the point of call of our products, as well as negative progressions in economic and economic situations at global and regional points; political and civil unrest; volatility and deterioration of the economic and capital markets, added to the imaginable effects of “Brexit”, other pandemics, terrorist attacks in Europe and elsewhere; our ability to realize the expected benefits of our business projects as a component of our strategic plan; have an effect on significant or unforeseen ordinary transfers or any commercial mix and other similar transaction in our business; our ability to realize, or stop at achieving, all the expected benefits from our acquisitions, joint ventures, strategic alliances or divestitures; the expected benefits and costs of the proposed spin-off of the Company’s highway business; the time of the spin-off transaction; the Company’s ability to carry out the spin-off transaction taking into account the other attrition situations of the spin-off transaction (some of which are beyond the Company’s control); business interruption during or after the spin-off transaction, diversion of control time to issues similar to the spin-off transaction and other similar dangers and uncertainties, and our good luck in managing the dangers related to the foregoing. In our annual report on Form 20-F for the year ended December 31, 2020, we include more data related to the points, hazards and uncertainties that may also have component effects on the economic effects of the Company, ready to go. in accordance with US GAAP and in the Company’s annual report in the EU. as of December 31, 2020, ready in accordance with EU-IFRS standards. Investors are expressly invited to consult and take into account the data on hazards, points and uncertainties incorporated in the aforementioned documents, in addition to the data presented here. Forward-looking statements speak only as of the date they are made, and we do not assume any legal responsibility to publicly update or revise our forward-looking statements, whether as a result of new progressions or otherwise.
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