CNHI Demerges from Iveco, Invests in Sampierana

Sharholders of CNH Industrial have approved the demerger of Iveco Group business from CNH Industrial. The demerger was final on Dec. 31.

CNH Industrial has also announced it has completed its purchase of 90 percent of the capital stock of Sampierana S.p.A., an Italian company specializing in earthmoving machines, undercarriages and spare parts.

The acquisition of the remaining 10 percent will occur over the next four years.

Source: CNH