CNH Industrial Ventures Established to Accelerate New Technology Adoption and Nurture Disruptive Innovation
Through this new initiative, the Company creates a structure for its existing strategic investments and invites inventive and rapidly growing companies to join in shaping the future of agriculture and construction.
CNH Industrial announces the formation of its strategic investment arm, CNH Industrial Ventures. This is a further step in the Company’s pioneering industry role to accelerate time-to-market for valuable innovations that will boost customer productivity and advance its ESG targets. With the aim of strengthening the Company’s position as an innovation leader in the agriculture and construction segments, these investments and collaborations will focus on areas including Alternative Propulsion, Digital, Autonomy, Robotics and other relevant disruptive technologies.
CNH Industrial Ventures is the latest means by which the Company seeks to capitalize on its influence and expertise to attract collaboration with tomorrow’s big thinkers, providing access to expertise and resources. Strategic investments in digital and technology startups have and will continue to support the Company’s organic capabilities and product offering, while allowing it to directly engage in finding new customer-facing solutions. In turn, CNH Industrial provides demonstrated value in supporting the market validation and growth of its partners.
“The launch of CNH Industrial Ventures is an exciting milestone that further enhances our commitment to innovation,” said Michele Lombardi, Senior Vice President of Corporate Development at CNH Industrial. “With a strong partnership approach in mind, we aim to leverage our extensive competencies, market reach and asset base to help rapidly growing companies that are redefining the future of agriculture and construction. This structure will continue to expand our ability to increasingly deliver customer-inspired innovation, enhancing their noble work of feeding and building a more sustainable world."
CNH Industrial Ventures builds upon existing and successfully executed minority stake investments with the following partners: Augmenta, USA / Greece; Bennamann, United Kingdom; Gearflow, USA; Geoprospectors, Austria; Monarch Tractor, USA; The Westly Group, USA; Zasso, Switzerland / Brazil.
More information on CNH Industrial Ventures is available at: bit.ly/CNH_Industrial_Ventures
