CNH Industrial acquires ATI Track Systems |
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Acquisition expands Case IH track lineup on combinesThis item has been supplied by a forage marketer and has not been edited, verified or endorsed by Hay & Forage Grower. CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), today announced its agreement to acquire ATI Inc., a global manufacturer of rubber track systems for high horsepower tractors and combine harvesters. This acquisition will provide Case IH customers with access to industry-leading track technology, extending the available range and enabling them to tailor their choice based on their specific floatation, suspension and traction requirements. ATI Track Systems’ track technology provides leading-edge suspension and high-speed transport performance, unmatched durability and high productivity on rough terrain while minimizing compaction and maximizing traction in wet harvest conditions.Case IH Brand President Brad Crews, stated “The integration of ATI into CNH Industrial will augment the Case IH leadership position in track systems and technologies. Case IH will continue to provide our customers innovative products that build upon our history of enabling industry-leading productivity. With the ATI integration, Case IH will develop an even stronger track technology portfolio and extend our track leadership position in the marketplace.” The integration of ATI into CNH Industrial further positions Case IH as a leader in track technology for combines. The expanded offering provides customers industry leading floatation, ride and overall productivity in field and on the road to maximize their return on investment. ATI PowerFlex Trax™ with TerraForm™ technology provide innovative suspension for better ride at higher transport speeds up to 25 mph (40kph). “The road following capability reduces heat and wear for unmatched longevity, and the higher transport speed reduces road time,” said Sam Acker, Case IH Global Harvesting Product lead. “In the field, PowerFlex Trax with TerraForm technology deliver a smooth ride on rough terrain, improving operator comfort, while also providing better header to ground following performance, to maximize grain savings.” The ATI combine track system also provides more floatation to minimize ground compaction and gives more flexibility during wet harvest conditions. Following this acquisition, the PowerFlex Trax with TerraForm technology are planned to be available for Case IH combines produced at the Company’s Grand Island, Nebraska, U.S.A. facility in late 2020, and available for retrofit for the 2020 harvest season. Both companies have a long history in track systems for high horsepower tractors: Case IH created the four-track high horsepower tractor segment with the introduction of the Steiger®Quadtrac™ in 1996. Today the product continues to deliver high productivity and industry leading track technology to maximize customer return on investment. Both companies have been leading the industry in track technology that maximizes power and traction to the ground. Combining these leading minds and companies provides customers access to the best suspension and highest power to maximize the productivity of their operation, with support through the Case IH dealer network. Headquartered in Mount Vernon, Indiana, ATI Inc. was established in 1997 and initially specialized in rubber tracks used for seismic exploration on Alaska's North Slope, following which the company extended this technology to a range of agricultural tracks. Case IH is a global leader in agricultural equipment, committed to collaborating with its customers to develop the most powerful, productive, reliable equipment — designed to meet today’s agricultural challenges. With headquarters in the United States, Case IH has a network of dealers and distributors that operates in over 160 countries. Case IH provides agricultural equipment systems, flexible financial service offerings and parts and service support for professional farmers and commercial operators through a dedicated network of professional dealers and distributors. Productivity-enhancing products include tractors; combines and harvesters; hay and forage equipment; tillage tools; planting and seeding systems; sprayers and applicators; site-specific farming tools; and utility vehicles. Case IH is a brand of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI). |