As the year comes to a close and the industry looks ahead to 2022, let's take a look back at some of the most notable AEM Industry Advisor news headlines from the past 12 months...

CNH to Buy Raven Industries for $2.1 Billion  (Credit: Real Agriculture)

CNH Industrial announced in June it had reached an agreement to acquire Raven Industries for $2.1 billion. The move was made as part of CNH Industrial's ongoing efforts to enhance its positions in the areas of autonomous and precision agriculture technology.

Deere, Hitachi to Dissolve 33-Year Joint Excavator Venture  (Credit: Equipment World)

In August it was announced that, after Feb. 28, 2022, Hitachi Construction Machinery Americas would stand on its own for distribution and sales of its brand excavators on the two continents. In addition, the company announced its plans to manufacture all of its excavators, as well as its wheel loaders and mining equipment, in Japan, and then import them to the North and South American markets.

JCB Invests Millions on Hydrogen Engines (Credit: Construction Equipment)

Late in October, JCB said it planned to invest about $138 million on a project to produce super-efficient hydrogen engines, targeting the tail end of 2022 for the initial machines to be available for purchase. 

Manitowoc Enters Agreement to Acquire H&E Crane Business (Credit: ForConstructionPros.com)

Manitowoc announced in July it had entered into a definitive agreement to acquire the crane business of H&E Equipment Services, Inc. The acquisition, at the time, was expected to cost Manitowoc approximately $130 million, and it is designed to help the company expand new sales, used sales, aftermarket parts and services to its end market customers. 

Terex to Move its Telehandler Production to Mexico (Credit: CONEXPO-CON/AGG 365)

Terex announced its plans in early May to close its Oklahoma City manufacturing facility in early 2022 and move telehandler production to a new plant in Monterrey, Mexico. At the time of the announcement, Terex currently manufactures its Genie line of telehandlers in Oklahoma City and Umbertide, Italy. 

New Holland Agriculture Outlines Company Strategy, New Agriculture Equipment (Credit: OEM Off-Highway)

New Holland announced in February it would continue expanding its product offerings, which included bringing its methane powered tractor to the market.

AGCO Announces Changes to Senior Leadership Team (Credit: Precision Farming Dealer)

AGCO announced in January its intended changes and recent additions to its senior leadership team as part of the company's efforts to further increase customer focus and strengthen investment in precision agriculture and digital solutions to maximize stakeholder value. Robert Crain would serve as Senior Vice President leading the newly formed Customer Experience team charged with delivering the best end-to-end customer experience in the industry. Meanwhile, Seth Crawford joined the senior team in the new role of Senior Vice President, Precision Ag and Digital to reinforce AGCO’s commitment to delivering industry-leading, smart farming solutions.

Manitou Announces New Business Plan (Credit: Access International)

Known as New Horizons 2025, Manitou's plan included the merging of the company's Material Handling & Access and Compact Equipment Divisions, and it serves to help Manitou more affectively achieve various organizational goals. Manitou also noted in its January announcement that its New Horizons 2025 goals do not include business acquisitions and that they have been set on the basis that the market will be unaffected by any “new major or structural crisis.” 

Case New Holland to Cease Production of Dozers, Headers in Burlington (Credit: The Hawk Eye)

Case's August announcement stipulated that production of those dozers and headers would be moved to other CNH Industrial facilities outside of the U.S., though the location of those facilities were not released at the time. The company has manufacturing plants in Europe, Middle and South America, Asia, the Middle East and Africa, as well as North America and Australia. 

JCB Invests Millions on Hydrogen Engines (Credit: Construction Equipment)

Late in October, JCB said it planned to invest about $138 million on a project to produce super-efficient hydrogen engines, targeting the tail end of 2022 for the initial machines to be available for purchase. 

Husqvarna Construction Announces Blastrac, Diamatic Surface Preparation Integration (Credit: Construction Equipment Guide)

In early December, Husqvarna Construction announced its plans to further consolidate brands in its surface preparation segment. Over the coming years, the recently acquired Blastrac and Diamatic products, services and solutions will be rebranded as Husqvarna and integrated into the global Husqvarna offering.

Is your organization a member of AEM? Does it have relevant news or interesting stories to share with the rest of the association's 1,000-plus members and 10,000-plus Advisor subscribers? Then you are encouraged to send relevant press releases and links to industry trade publication coverage for potential inclusion in an upcoming edition of the Advisor newsletter.

Have some news to share with AEM and its members via the Advisor? Want to provide some thoughts and feedback regarding issues and topics to be covered in an upcoming edition? Please don’t hesitate to reach out and contact AEM’s Mike Schmidt at mschmidt@aem.org.

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