CNH Industrial is looking to secure "one or two transformational investments in coming months and years," according to a March 15 report from Reuters. That quote comes from Senior Vice President for CNH Industrial's Corporate Development & Venture Capital Michele Lombardi, who said recent market troubles caused by bank failures hadn't shaken their resolve to pursue investments.

"We are very motivated to carry on with our investments," Lombardi told Reuters. "We've got a very significant cash investment capacity and we are committed to technological innovation."

He added that CNH Industrial has 3 channels for M&A: venture capital, mid-size deals worth around $100-200 million and transformational investments.