[UPDATE] New Holland announces the completion of this acquisition on Jan. 31, 2017.
According to a company statement: "New Holland Agriculture will extend its offering to include Tillage and Hay & Forage solutions under various brands, including Kongskilde, Overum, Howard and JF. The Kongskilde brand and sales organizations, dealers and importers will continue to operate with no disruption, ensuring continuity in its customers' support. New Holland will gradually integrate the new agricultural implements into its own product offering."
New Holland Agriculture has announced an expansion of its implement product lines by way of its acquisition of the Grass and Soil business of Kongskilde Industries, part of the Danish Group Dansk Landbrugs Grovvareselskab. Specifically, this business develops, manufactures and sells tillage, hay and forage implements under various brand names.
New Holland’s history of hay implements started in 1940 with the introduction of the first self-tying automatic pick-up baler for U.S. farmers. Since then, officials say the company is committed to developing a full lineup of hay equipment for cutting, tedding, raking, baling and stacking. The Kongskilde acquisition will further play into those goals, according to Carlo Lambro, brand president of New Holland Agriculture.
“The acquisition of the tillage and hay and forage activities of Kongskilde adds a key product range that will further broaden New Holland Agriculture’s product offering within the agricultural machinery sector,” he says. “In the meantime, the Kongskilde dealer and importer network will remain the reference point for their customers. This agreement will provide growth opportunities and create a strong platform to develop the Kongskilde business and its brands, and we will also gradually integrate their products in the New Holland portfolio.”
The acquisition includes two plants in Europe, located in Poland and Sweden, along with other facilities in EMEA, APAC and NAFTA regions. The transaction is subject to various closing conditions and regulatory approvals.
Here’s a quick look at the history of Kongskilde.
Kongskilde Denmark from Kongskilde on Vimeo.