CNH Industrial has signed an agreement to acquire excavator manufacturer Sampierana for an initial €101.8 million.
The acquisition will enhance the Italian industrial giant’s Construction Equipment segment, which includes the quarrying machine-inclusive CASE Construction brand.
Sampierana is a privately-owned Italian company that specialises in the development, manufacturing and commercialisation of earthmoving machines, undercarriages and spare parts. The initial deal will see CNH Industrial acquire 90% of Sampierana shares. The company will purchase the remaining 10% over four years following the closing of the first transaction. The closing of the initial deal due to occur in Q4 2021, subject to the satisfaction of customary closing conditions.
“This latest strategic acquisition will further accelerate the profitable growth of our construction equipment business. Sampierana’s exceptional portfolio solidifies our presence in critical market segments and provides our dealers and customers access to industry-leading products backed by our brand, distribution, and manufacturing experience,” said Scott Wine, CEO of CNH Industrial. “I want to thank Stefano Pampalone, president Construction, and his team, both for driving this deal to completion and for their excellent work turning around our construction business, rightsizing the footprint and returning it to profitability – an impressive achievement given the challenging period.”
Recognised in the construction sector for its Eurocomach mini and midi excavators and special undercarriages, Sampierana has recorded excellent performance year-over-year, particularly in Europe. In addition to its Italian headquarters and production sites, Sampierana operates a fully controlled subsidiary with production facilities in Kunshan, China. The company is known for its reliability, quality and innovative technology. Its broad product portfolio, high customisation capacity, and existing electric power prototypes fit well with CNH Industrial’s customer-centric and sustainable approach.
