How investment by CNH Industrial in Stout Industrial Technology

The transnational investment firm Exor, which is in turn controlled by the Agnelli family, controls CNH Industrial N.V., an Italian-American corporation with headquarters worldwide in Basildon, United Kingdom. The business is a component of the FTSE MIB index and is listed on the New York Stock Exchange and the Borsa Italiana. The Netherlands is where the company is registered. The company's headquarters are in Amsterdam, Netherlands, and its main office is in London, England.

CNH Industrial currently employs over 63,000 people across 67 manufacturing facilities and 56 R&D centers. The company operates in his 180 countries. Iveco Group was established on his January 1, 2022 after signing the deed of separation from CNH Industrial N.V.

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CNH Industrial creates, manufactures, and distributes construction and agricultural machinery through its many divisions (Case IH and New Holland brand families). CNH Industrial is focused on growing its footprint in high-growth markets, particularly through joint ventures, and is present in all significant markets across the world.CNH Industrial has acquired a 10% minority interest in Stout Industrial Technology (Stout). A US start-up focuses on smart agricultural equipment powered by artificial intelligence (AI).

Improved See & Act Capabilities for Machine Learning

See & Act allows machines to perform tasks based on data collected by sensors. Stout is making headway in this area with the Smart Cultivator, a software-controlled tractor attachment that uses cameras, AI, and proprietary vision technology to distinguish between crops and weeds. Once identified, the machine simultaneously grows crops and removes weeds.

Ultimately, this technology will allow us to work simultaneously without the use of chemicals, making it easier for our customers to grow and weed. Stout's existing platform will expand the range of mechanical weed control products and accelerate the development of other cultivation solutions. Stout his machine will be available soon through the New Holland Brands dealer network.

 

Smart Implementation Technology is one of his many ways CNH Industrial is breaking new ground for the world's farmers.

CNH Industrial (NYSE)

CNHI / MI:

CNHI) is a premier equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company's regionally focused Brands include:

STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial's 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

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