Carraro Secures $470M CNH Contract for Axles, Transmissions

Power transmission specialist Carraro SpA has secured contracts with CNH Global worth $471 million over the next four years.

The revenues will help underpin operations at the Carraro Drive Tech and Gear World business units, which are to be merged this year to streamline management and reduce overhead costs.

The latest agreement between Carraro and CNH renews an existing supply contract for front drive axles and transmissions for backhoe-loaders. It also adds new contracts for…

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