CNH Industrial will acquire Northmec, CSE, NHSA and Landboupart business divisions from Capital Equipment Group
CNH Industrial has agreed to acquire four divisions from Capital Equipment Group. (Credit: Tumisu from Pixabay)
CNH Industrial has signed an agreement to acquire agriculture, construction and spare parts commercial distribution networks from Capital Equipment Group (CEG) in Southern Africa.
The planned purchase of CEG’s four divisions includes Northmec, CSE, NHSA and Landboupart. CEG is a business unit of Humulani Marketing Pty Ltd, an Invicta Holdings company.
Northmec is a South African agricultural equipment distributor, as well as the exclusive sole distributor of Case IH equipment and implements.
CSE is an equipment distributor that has been operating in the market for 50 years. The business unit is an exclusive distributor of CASE tractor loader backhoes and skid steer loaders.
NHSA is a spare parts distributor in Southern Africa with the main focus on agriculture, while Landboupart is a distributor of agricultural equipment spare parts and implements.
CNH Industrial plans to further develop its Case IH and CASE Construction Equipment brands by taking full operational management of its commercial distribution and aftermarket network. It will help improve aftermarket sales and services in South Africa and other Southern African markets.
CNH Industrial will include the acquired divisions in its fully-owned South African legal entity
CNH Industrial will include the acquired divisions in a fully-owned legal entity based in South Africa.
The companies have entered into a transitional period for the business with an expectation of final approval from South Africa’s Competition Commission and the subsequent conclusion of the deal.
In November 2019, CNH Industrial signed an agreement to acquire the Australian agricultural implement manufacturer K-Line Ag to grow its global agricultural business.
Established in 1993, New South Wales-headquartered K-Line Ag is an innovator in the agricultural implement business. It has expanded into North America in 2013.