CNH Industrial is strengthening its local presence in SA
Northmec is one of the four divisions of the Capital Equipment Group (CEG), which CNH Industrial has agreed to acquire from Invicta Holdings Limited. This acquisition brings with it a few operational changes which we elaborate on.
Northmec in detail
Northmec is a South African importer and distributor of agricultural equipment, predominantly focused on the grain producing areas. The company was established in 1869 and has since then been able to market their products through an extensive network of branches and dealers throughout South Africa, Swaziland and Namibia with 1 subsidiary (shareholding) in Zimbabwe.
Northmec is a division of the Capital Equipment Group (CEG), who in turn is 100% owned by Invicta Holdings which is a listed company on the JHB stock exchange. Invicta holdings are the only company to perform in the top 100 companies for the last 21 years in a row.
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Operational changes
Case IH, through its South African distributor Northmec, will continue to deliver an exceptional customer experience which will be enhanced further by the intended acquisition of Northmec, by the brand’s parent company, CNH Industrial. The expected take over date will be 1st January 2021 subject to Competition Commission approval.
Northmec is one of the four divisions of the Capital Equipment Group (CEG), which CNH Industrial has agreed to acquire from Invicta Holdings Limited, and will form part of a fully-owned CNH Industrial legal entity based in South Africa.
Northmec is one of South Africa’s most established agricultural equipment distributors. It is the sole distributor of Case IH machinery, offering implements and other agricultural equipment, providing a full product line for South African farmers.
By taking control of operational management of the commercial distribution and aftermarket network, CNH Industrial will strengthen the relationship between the Case IH brand and its customers in South Africa and other southern African markets.
Case IH’s product offering, aftermarket sales and services will continue to be delivered at the high standard provided by Northmec and is expected by customers.
In anticipation of final approval by South Africa’s Competition Commission and the subsequent conclusion of the deal, the parties have entered into a transitional period for the business, which sees CEG remaining in control of the operations.
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