During CNH Industrial’s earnings call for its third quarter, CEO Scott Wine addressed the company’s goal of transitioning to in-house tech solutions.
With around 75% of its factory fit solutions and 40% of its aftermarket solutions already produced in-house, CNH Industrial is aiming for almost all those solutions to be brought in house by 2025. Wine said the company has been aggressively pursuing this strategy since 2019, and the acquisition of Raven Industries accelerated it.
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Today, we’re looking at Austria-based Pessl Instruments, an agtech provider operating under the METOS brand. Irrigation equipment manufacturer Lindsay Corporation recently acquired a minority interest in Pessl Instruments following a strategic partnership the 2 companies announced in May 2023.
