Who owns New Holland Tractor Company? This question often comes to mind when discussing one of the world’s leading manufacturers of agricultural machinery. With a rich history and a global presence, New Holland has become synonymous with innovation and reliability in the agricultural sector. In this article, we will delve into the ownership structure of this iconic brand and explore its impact on the industry.
New Holland Tractor Company, founded in 1895 in the Netherlands, has since grown to become a part of the CNH Industrial N.V. conglomerate. CNH Industrial is a global leader in capital goods manufacturing with headquarters in London, United Kingdom. The conglomerate was formed through the merger of two major agricultural equipment manufacturers, Fiat Industrial and CNH Global, in 2013.
The ownership of New Holland Tractor Company can be traced back to its inception. In 1895, the company was established as “Nederlandse Onderlinge Levensverzekeringmaatschappij” (Dutch Mutual Life Insurance Company) by a group of entrepreneurs. Over the years, the company expanded its operations and ventured into the agricultural equipment sector, rebranding itself as “New Holland” in 1978.
In 1985, New Holland was acquired by the FIAT Group, which was already a major player in the automotive and agricultural equipment industries. The acquisition marked the beginning of a new era for New Holland, as it gained access to the FIAT Group’s global distribution network and technical expertise.
In 2013, CNH Industrial was formed through the merger of FIAT Industrial and CNH Global. This merger created one of the world’s largest capital goods manufacturers, with a diverse portfolio of brands in various sectors, including agricultural, construction, and industrial equipment.
As a part of CNH Industrial, New Holland Tractor Company continues to thrive and innovate. The company offers a wide range of products, including tractors, harvesters, and agricultural implements, catering to farmers and agricultural professionals worldwide. New Holland’s commitment to sustainability and technological advancements has earned it a reputation for producing high-quality, efficient, and environmentally friendly machinery.
In conclusion, New Holland Tractor Company is owned by CNH Industrial N.V., a global leader in capital goods manufacturing. The merger with FIAT Industrial in 2013 has allowed New Holland to expand its reach and solidify its position as a leading player in the agricultural equipment industry. As the company continues to evolve, it remains dedicated to delivering cutting-edge solutions that help farmers and agricultural professionals meet the challenges of modern agriculture.
