Submitted by CNH Industrial
This acquisition represents another step in FPT Industrial’s path towards electrification, one of the pillars of its multi-power strategy.
“Sustainable powertrain technology is of increasing global focus and concern, and here at CNH Industrial, we are committed to delivering solutions, which not only reduce emissions and enhance productivity, but which deliver futureproof technology for the long term,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial. “This, our latest acquisition, is further testament to this.”
“FPT Industrial is acknowledged as a leader in alternative propulsion systems, and the acquisition of Potenza Technology will further enhance our brand’s accelerating development of sustainable electric powertrains across a range of operating segments,” said Annalisa Stupenengo, President Powertrain, CNH Industrial.
Potenza Technology, based in Coventry UK, has been at the forefront of electric powertrain technology since 1999. The Company has specific expertise in functional safety, battery management systems for traction battery packs, and electric and electronic systems design and development.
CNH Industrial is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and STEYR for tractors and agricultural machinery; CASE Construction Equipment and New Holland Construction for earth moving equipment; IVECO for commercial vehicles; IVECO BUS and Heuliez Bus for buses and coaches; IVECO ASTRA for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions.
Sustainability at CNH Industrial
CNH Industrial has a proactive approach to sustainability, which is in tune with global changes. We have set long-term targets to align with the United Nation’s Sustainable Development Goals and we are driven to ensure that our footprint is sustainable, and one that leaves a positive and lasting impression. Furthermore, CNH Industrial is a recognized as a sustainability leader in its field, having been named as the Industry Leader in the Machinery and Electrical Equipment segment of the Dow Jones Sustainability Indices (DJSI), World and Europe, for nine consecutive years, as well as being admitted to range of sustainability indices.
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