CNH Industrial sees "transformational" investments in coming months, years
15/03/2023 17:12
MILAN, March 15 (Reuters) - CNH Industrial CNHI.MI
sees major M&A deals ahead as it pursues innovation in farm
machinery and construction equipment businesses, the head of its
investment arm told Reuters on Wednesday.
The Italian-American vehicle maker aimed at "one or two
transformational investments in coming months and years",
Michele Lombardi, the group's senior vice-president for
Corporate Development & Venture Capital said in an interview.
CNH in 2021 bought U.S. based precision farming equipment
maker Raven for $2.1 billion before spinning of its truck-making
unit, now separately listed as Iveco Group IVG.MI , at the
beginning of last year.
(Reporting by Giulio Piovaccari, editing by Gavin Jones)
((giulio.piovaccari@thomsonreuters.com))