With the completion of the deal, K-Line will offer its products in Case IH dealerships in North America
Image: CNH Industrial intends to boost its business with the acquisition of K-Line Ag. Photo: courtesy of rawpixel from Pixabay.
CNH Industrial, a supplier of agricultural machinery, has 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.
The acquisition forms part of CNH Industrial’s aim to boost global agricultural business
K-Line will offer its products in Case IH dealerships in North America as well as through the Case IH, New Holland, and K-Line networks in Australia and New Zealand.
The acquisition is expected to add key tillage and residue management equipment, which is said to be key in ensuring optimal seedbed preparation, and fundamental for productive yields, to CNH portfolio.
CNH said that the deal will also enhance the crop production portfolios of its global agricultural equipment brands Case IH and New Holland Agriculture.
CNH Industrial chief executive officer Hubertus Mühlhäuser said: “The acquisition of K-Line Ag is further concrete expression of the Agricultural Segment’s stated aim of seeking both strategic acquisitions to enhance their respective agricultural offerings, as well as their role as industry consolidators.
“Our brands will now be able to even better serve their customers, thanks to K-Line Ag’s outstanding product portfolio and knowledgeable team who now join the CNH Industrial family.”
In an effort to boost global agricultural business, CNH Industrial focuses on placing technological advancements at the service of its brands’ global customer base as well as developing an advanced digital farming offering.
K-Line Ag, which expects the deal to expand the reach of its products, plans to ramp up production and increase the number of units produced each month.
Upon completion of the deal, the production of K-Line Ag products such as the Speedtiller will remain in Grafton, North Dakota and Cowra NSW, Australia while existing staff will remain involved in the business management.