CNH Industrial is moving to strengthen its local presence with the planned purchase of four divisions of Capital Equipment Group (CEG).
- CNH Industrial is moving to strengthen its local presence with the planned purchase of four divisions of Capital Equipment Group (CEG).
- CEG, previously owned by Invicta Holdings Limited, includes Case IH distributor, Northmec.
- The acquired divisions will form part of a fully-owned CNH Industrial legal entity based in South Africa.
Case IH, through its South African distributor Northmec, will continue to deliver an exceptional customer experience which will be enhanced further by the intended acquisition of Northmec, by the brand’s parent company, CNH Industrial. The expected take over date will be 1st January 2021 subject to Competition Commission approval.
Northmec is one of the four divisions of the Capital Equipment Group (CEG), which CNH Industrial has agreed to acquire from Invicta Holdings Limited, and will form part of a fully-owned CNH Industrial legal entity based in South Africa.
Northmec is one of South Africa’s most established agricultural equipment distributors. It is the sole distributor of Case IH machinery, offering implements and other agricultural equipment, providing a full product line for South African farmers.
By taking control of operational management of the commercial distribution and aftermarket network, CNH Industrial will strengthen the relationship between the Case IH brand and its customers in South Africa and other southern African markets.
Case IH’s product offering, aftermarket sales and services will continue to be delivered at the high standard provided by Northmec and is expected by customers.
In anticipation of final approval by South Africa’s Competition Commission and the subsequent conclusion of the deal, the parties have entered into a transitional period for the business, which sees CEG remaining in control of the operations.
Source: CNH Industrial: https://bit.ly/31grgjk