Fiat Industrial, the parent company of
CNH Global NV
), recently announced that its U.S. subsidiary will be renamed as
CNH Global N.V. after the completion of the merger by third
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Fiat Industrial is a leading international auto manufacturing
company that designs, produces and sells vehicles for the mass
market under well-known brands such as Fiat, Alfa Romeo, Lancia,
Abarth, the Ferrari and Maserati. It has also formed a strategic
alliance with premier auto major, the Chrysler Group, to further
expand its geographic presence.
Currently, Fiat Industrial has 88% ownership stake in CNH Global.
Earlier in Nov 2012, the company inked a definitive merger
agreement to merge the businesses of both Fiat Industrial and CNH
Global to form a separate company, organized under the laws of
the Netherlands and listed on the New York Stock Exchange.
However, for corporate tax purpose, the newly formed company will
be based in the U.K. as it has a lower corporate tax rate than
Based in Amsterdam, CNH Global manufactures agricultural and
construction equipment. The company primarily sells and
distributes its products through its dealers and distributors
spread across 170 countries. On Nov 12, 1999, CNH Global was
formed following the merger of New Holland N.V. and Case
Corporation. The company has three operating segments -
Agricultural Equipment, Construction Equipment, and Financial
CNH Global presently has a Zacks Rank #3 (Hold). Other notable
companies in the industry include
Alamo Group, Inc.
), both carrying a Zacks Rank #2 (Buy), and
), which carry a Zacks Rank #1 (Strong Buy).