MILANO – Acquisition in Italy for Cnh. The group took over for 101.8 million Sampierana, a company founded in the 1950s by Aleardo Para’s iron workshop and today, under the management of his sons Cesare and Moreno, a manufacturer of tracked undercarriages, mini excavators and compact loaders.
The agreement, explains a note, provides for the acquisition of 90% of the share capital and then obtaining 100% control of the company during the four years following the closing of the operation. The consideration will be financed with the available liquidity of CNH Industrial. “This latest strategic acquisition will accelerate the growth of our construction equipment segment,” he said Scott Wine, CEO of CNH Industrial, a group controlled by Exor, the holding company that owns Gedi he publishes Republic.
The Sampierana group “recorded a positive profit trend year after year, particularly in Europe – reads the note – and is renowned for its reliability, quality and innovative technology. The extensive product portfolio, high customization capacity and prototypes existing electric machines will allow Cnh to increase its offer of products and technologies “.
“It is also a confirmation of CNH Industrial’s commitment to invest and want to grow the construction machinery business, improving its positioning in the high demand market for mini and midi excavators”.
Sampierana is present in Italy, where its headquarters are located (in San Piero in Bagno in the province of Forlì and Cesena) and production sites (in Modena). The company also has its own wholly owned subsidiary with a manufacturing site in Kunshan, China. In 2019 she entered the Elite project of the Italian Stock Exchange.
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