CNH ENTERS AGREEMENT WITH ALD VACUUM TECHNOLOGIES ON BERLIN SITE
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LAKE FOREST, Illinois – July 5, 2007 – CNH Global N.V. said one of its subsidiaries entered into an agreement under which ALD Vacuum Technologies GmbH, a part of private investment fund Safeguard International, acquires the CNH plant in Spandau. Terms were not disclosed.
CNH, which acquired the facility in 1999 with O&K Orenstein & Koppel AG, said it would retain about 200 employees in Berlin, among others in research and development designing hydraulic excavators.
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by about 11,500 dealers in 160 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. More information about CNH and its Case and New Holland products can be found online at www.cnh.com.