Kongskilde Industries has entered into an agreement to sell the Grass and Soil activities, while keeping the Industry and Grain divisions.
Today, Kongskilde Industries' owner, DLG Group (DLG a.m.b.a.) has entered into an agreement to sell the Grass and Soil activities of Kongskilde Industries to CNH Industrial N.V. With the transaction, the DLG Group continues to follow its strategy to divest non-core activities and strengthen its focus on core business areas.
“We are satisfied that there will be a new strong owner of Kongskilde Agriculture. CNH Industrial will continue to service Kongskilde Grass and Soil customers and end-users, while developing the business further. The transaction will also enable DLG to focus on the development of our two remaining business areas Kongskilde Industry and Kongskilde Grain and release of their full potential” said Mr. Kim Balle, Chairman of Kongskilde and COO of DLG Group.
This agreement will further broaden New Holland Agriculture’s product offering within the agricultural machi-nery sector. Kongskilde Grass and Soil business develops, manufactures and sells solutions for agricultural applications in the Tillage, Seeding and Hay & Forage segments under various brands, including Kongskilde, Överum and JF. Kongskilde will continue to operate through its current sales organization and its dealer and importer network ensuring continuity in its customers’ support and service.
The transaction comprises a transfer of assets and brands related to the Grass and Soil activities of Kongskilde Industries, including all of the Grass and Soil production activities in Kutno, Poland, Överum, Sweden, a lease contract of production activities in Hudson, Illinois, North America, and other facilities in the EMEA, APAC and NAFTA regions. The transaction is subject to customary closing conditions, including approval from relevant antitrust authorities.
Kongskilde Industry is a global market leader within handling of waste material and finished products in the paper, plastic and packaging industry, while Kongskilde Grain provides crop handling systems primarily in Denmark.
In the coming years, Kongskilde Industries expects to accelerate growth through establishing more customer partnerships and investments in new systems offerings as well as introducing new products which will optimize the production and give a better production environment at the customers.
CNH Industrial N.V.
CNH Industrial 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 trac-tors 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 con-struction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions.
Kongskilde Industries A/S
Headquartered in Sorø, Denmark, Kongskilde is a leading provider for system solutions for the industry and agriculture. Its Industry Division provide solutions for the plastic, paper and packaging industries, including specialized concepts for pneumatic transport and handling of process material. For the agricultural sector, Kongskilde is well-known for its solutions in the transportation, drying, storage and sorting of grain and other crops as well as systems for drying big bales. In addition, Kongskilde offers a comprehensive range of mobile heaters for drying and heating in the agricultural, construction and industrial sectors.
Kim Balle, Chairman of Kongskilde Industries: +45 2550 1406 firstname.lastname@example.org