On Feb. 8, CNH Industrial reported its fourth quarter and full year 2021 results, the last year of operations prior to the demerger of Iveco Group effective Jan. 1.

For the fourth quarter, CNH reported consolidated revenues of $9.1 billion, up 7% vs. the fourth quarter of 2020. Agriculture net sales for the quarter were up just over 21% to about $4.2 billion.

CNH Industrial views the acquisition of software suite NX9 as an R&D investment that builds upon the company’s strategic impetus to more efficiently innovate and develop products in the precision agriculture space and deliver greater value for its farming customers.

Scott Wine, chief executive officer of CNH Industrial, says completion of the acquisition of Raven Industries accelerates CNH's precision and digital strategy. 

CNH Industrial N.V. has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor, a U.S.-based AgTech company specializing in fully electric autonomous tractors.