Day: December 9, 2022

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CNH Industrial invests in Stout Industrial Technology

Stout_CNH_Industrial

Accelerating Artificial Intelligence capabilities to sustainably advance agriculture

London, December 9, 2022

CNH Industrial has acquired a 10% minority stake in Stout Industrial Technology (Stout). The US-based startup is focused on smart implements for agriculture that are powered by Artificial Intelligence (AI).

Enhancing our See & Act machine learning capabilities

See & Act allows machines to carry out tasks based on sensor-detected data. Stout has demonstrated results in this field with their Smart Cultivator – a software-controlled implement for tractors that uses cameras, AI and proprietary vision technology to distinguish crops from weeds. Once identified, the implement simultaneously cultivates crops and removes weeds.

Ultimately this technology simplifies cultivating and weeding for our customers, letting them perform the tasks simultaneously – and without the use of chemicals. Stout’s existing platform expands our mechanical weeding product offering and will accelerate our development of further cultivation solutions. Stout machines will soon be distributed via our New Holland brand’s dealer network.

Smart implement technology is one of the many ways that CNH Industrial is Breaking New Ground for the world’s farmers.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Media contacts:

Rebecca Fabian Anna Angelini
North America United Kingdom
Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007

mediarelations@cnhind.com

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GlobeNewswire Distribution ID 1000771379

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Johan Lindeberg Now to Be Known as JAY3LLE

In the next phase of his career, the creative director, brand builder, designer and photographer is now to be known only as JAY3LLE in all matters of professional output.

Featured Image for JAY3LLE

Featured Image for JAY3LLE

NEW YORK, Dec. 09, 2022 (GLOBE NEWSWIRE) — Johan Lindeberg, known for his work at Diesel and for founding the brands J.Lindeberg and BLK DNM, is now to be known as JAY3LLE (pronounced jay-elle). With this change, he reclaims his name and the ability to use it in his work.

“It has been complicated to use my personal name in my creative work when my name is on a brand I’m no longer involved with,” says JAY3LLE. “I have found a new freedom in JAY3LLE: a new name and the beginning of a new chapter of my career.”

JAY3LLE will create not only his own direct expression in physical and digital elements, but also through collaborations and as a creative consultant.

“As JAY3LLE, I can express myself in my own work, as well as a creative design studio and a progressive platform, where we can continue to create innovative energy and inspire people,” says JAY3LLE.

ABOUT JAY3LLE

Johan Lindeberg, as he has been known professionally to this point, has a vast background as a visionary brand builder. In the 90s, he led the team that created the iconic Diesel successful living campaign and was also responsible to conceptualize the Diesel lifestyle. He also launched Diesel in the U.S. After the success of Diesel, Lindeberg left the brand and launched his namesake brand J. Lindeberg. The brand was among the first to combine fashion and sports; the combination of skinny tailoring parallelled with a complete paradigm shift in golf fashion. In 2007, Lindeberg walked out of a board meeting and stood up for his creative vision when investors wanted to take the brand in a direction he disagreed with. From there, Lindeberg worked as stylist for Justin Timberlake and supported him in creating the brand William Rast. After that, Lindeberg created the brand BLK DNM which became a successful movement from NYC. He then decided to focus on photography and left the brand to go back as a creative consultant for J. Lindeberg, where he, during 2016-2017, repositioned the brand with new energy after the brand had been going from a progressive positioning to a more conservative brand. In 2019, he drove a repositioning of BLK DNM from Stockholm. Lindeberg has also worked as a consultant for Pernod Ricard to support new creative energy in Martell, Glenlivet and Avion tequila. He has also been Creative Director during the launch of Absolut Elyx.

Contact Information:
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jay3lle@jay3lle.com

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Manatee Relative, 700 New Species Now Facing Extinction

 

Populations of a vulnerable species of marine mammal, numerous species of abalone and a type of Caribbean coral are now threatened with extinction, an international conservation organization said Friday.

The International Union for Conservation of Nature announced the update during the United Nations Convention on Biological Diversity, or COP15, conference in Montreal. The union’s hundreds of members include government agencies from around the world, and it’s one of the planet’s widest-reaching environmental networks.

The IUCN uses its Red List of Threatened Species to categorize animals approaching extinction. This year, the union is sounding the alarm about the dugong — a large and docile marine mammal that lives from the eastern coast of Africa to the western Pacific Ocean.

The dugong — a relative of the manatee — is vulnerable throughout its range, and now populations in East Africa have entered the red list as critically endangered, IUCN said in a statement. Populations in New Caledonia have entered the list as endangered, the group said.

The major threats to the animal are unintentional capture in fishing gear in East Africa and poaching in New Caledonia, IUCN said. It also suffers from boat collisions and loss of the seagrasses it eats, said Evan Trotzuk, who led the East Africa red list assessment.

“Strengthening community-led fisheries governance and expanding work opportunities beyond fishing are key in East Africa, where marine ecosystems are fundamental to people’s food security and livelihoods,” Trotzuk said.

The IUCN Red List includes more than 150,000 species. The list sometimes overlaps with the species listed under the U.S. Endangered Species Act, such as in the case of the North Atlantic right whale. More than 42,000 of the species on the red list are threatened with extinction, IUCN says.

IUCN uses several categories to describe an animal’s status, ranging from “least concern” to “critically endangered.” IUCN typically updates the red list two or three times a year. This week’s update includes more than 3,000 additions to the red list. Of those, 700 are threatened with extinction.

Jane Smart, head of IUCN’s Center for Science and Data, said it will take political will to save the jeopardized species, and the gravity of the new listings can serve as a clarion call.

“The news we often give you on this is often gloomy, a little bit depressing, but it sparks the action, which is good,” Smart said.

Pillar coral, which is found throughout the Caribbean, was moved from vulnerable to critically endangered in this week’s update. The coral is threatened by a tissue loss disease, and its population has shrunk by more than 80% across most of its range since 1990, IUCN said. The IUCN lists more than two dozen corals in the Atlantic Ocean as critically endangered.

Almost half the corals in the Atlantic are “at elevated risk of extinction due to climate change and other impacts,” said Beth Polidoro, an associate professor at Arizona State University and the red list coordinator for IUCN.

Unsustainable harvesting and poaching have emerged as threats to abalone, which are used as seafood, IUCN said. Twenty of the 54 abalone species in the world are threatened with extinction according to the red list’s first global assessment of the species.

Threats to the abalone are compounded by climate change, diseases and pollution, the organization said.

“This red list update brings to light new evidence of the multiple interacting threats to declining life in the sea,” said Jon Paul Rodríguez, chair of the IUCN Species Survival Commission.

 

 

 

Source: Voice of America

 

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Prepare for Messy Transition on COVID Jabs as COVAX Ends

As the global program for distributing COVID-19 vaccinations to low and middle-income countries is set to be phased out after next year, experts are warning of a messy transition to ensure countries with the lowest inoculation rates are protected against the coronavirus and new variants are prevented.

The sunsetting of COVAX was agreed to earlier this week in a meeting of the board of the Global Alliance for Vaccines and Immunization known as GAVI. The alliance is the driving force behind the international vaccine-sharing mechanism, along with the World Health Organization and the Coalition for Epidemic Preparedness Innovations (CEPI).

GAVI said COVAX has enough capacity to continue through 2024. At that point, it plans to phase out the program to 37 developing countries while continuing to provide COVID vaccine doses and the funds to deliver them to 54 of the world’s poorest countries who still want them up to 2025, alongside other vaccines it provides.

“While COVAX continues to have in place plans for worst-case scenarios, the board agreed, in principle, to explore integrating future COVID-19 vaccinations into GAVI’s core programming,” it said in a statement.

Experts say demand for COVID vaccines has significantly dropped worldwide and GAVI shifting focus away from broad COVID vaccination coverage makes sense. However, they warn of a messy transition from the global emergency coordination mechanisms that were set up quickly at the start of the pandemic toward a longer-term COVID management initiative.

“There will be major questions coming from the transition, including how many low- and middle-income countries will continue to receive the financing and logistics support they need, to the impact on GAVI’s other immunization programs of integrating COVID-19 vaccination,” said Dr. Krishna Udayakumar, founding director of the Duke Global Health Innovation Center.

“There’s lack of consensus among the various operating entities and no one person or organization ‘in charge’ to drive the process,” he told VOA. In addition, routine immunizations usually target children while most COVID-19 vaccinations are for adults, so there isn’t a clear alignment.

Udayakumar said that the COVID-19 pandemic will continue for some time, and future efforts should support continued vaccination of high-risk populations and preparedness for new variants and future pandemic threats.

U.S. efforts

The U.S. remains the world’s largest vaccine donor with a pledge of more than 1.2 billion doses delivered by end of 2022. A significant portion has not been delivered, partly due to reduced demand.

“As of this week, have donated over 670 million doses to 116 countries and economies,” a senior administration official told VOA.

In February the administration adjusted its pandemic response strategy to address hurdles faced by lower-income countries to vaccinate their citizens through Global Vax, a program launched late last year by USAID, the U.S. Agency for International Development.

Global VAX is billed as a whole-of-government effort to turn vaccines in vials into vaccinations in arms around the world. It includes bolstering cold chain supply and logistics, service delivery, vaccine confidence and demand, human resources, data and analytics, local planning, and vaccine safety and effectiveness.

The official said the U.S. will continue its efforts. “We are not done fighting COVID. Not at home, and not across the globe. Every country and every organization need to continue their work to fight this virus everywhere.”

However, questions remain on funding for U.S. plans to continue its pandemic response including preventing future threats. The administration is calling on Congress, which has until December 16 to pass a critical government funding bill that includes $10 billion to fight COVID at home.

The $10 billion has been pared down from the original $22.5 billion request submitted earlier this year which included $5 billion for its international response that has gone unfulfilled.

 

 

Source: Voice of America

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CNH Industrial presents first electric tractor prototype with autonomous features

 Electric Power Front View

T4 Electric Power Front View

Zero emissions farming solution enhances value and delivers next step in the Company’s innovation plan

London, December 9, 2022

CNH Industrial revealed the New Holland T4 Electric Power – the industry’s first all-electric light utility tractor prototype with autonomous features – at its Tech Day in Phoenix, Arizona, USA.

A concentrated effort between our team of experts in the USA (Burr Ridge, Detroit) and Italy (Modena) was able to halve this prototype’s development time thanks to collaboration with our strategic partner Monarch Tractor – an electrified Ag innovator based in California, USA. Our expertise and resources, in conjunction with Monarch’s disruptive technology, made this world-first result possible.

This product milestone is the latest development in our strategic plan for electrification. The prototype presented is branded New Holland Agriculture, while the commercial model will also extend to our Case IH Brand. It follows the launch of the multi award-winning e-Source power pack – an external generator for electric farm implements.

“The T4 Electric Power is the ideal solution for lower horsepower operations. It is suited to mixed farm, livestock, municipality, orchard and specialty applications. We know our customers are eager to adopt this type of product, so it makes perfect sense for us to continue our Ag electrification journey with this platform,” explains Marc Kermisch, Chief Digital & Information Officer, CNH Industrial.

The finer details: Power/ Performance / Precision

This First-Generation Battery Electric Light Vehicle belongs to the utility tractor segment. Commercial production is expected to begin at the end of 2023 with a broader product offering to follow.

Power

E-Motor peak: Up to 120hp – Max Torque: Up to 440Nm
4-wheel drive: Yes – Max Speed: 40 kph – Zero Emissions: Always

Depending on the mission profile, the tractor’s battery pack delivers up to a full day of operation. It takes just one hour to reach 100% power when using commercially available fast charging systems. The tractor’s electrical outlets support daily farm tasks such as welding and drilling. It doubles as a backup power generator for daily or emergency needs. And it provides energy for electric implements. Traditional mechanical, hydraulic and Power Take Off implements can also be used.

Performance

In testing, the T4 Electric Power showed exceptional performance compared to a conventional diesel tractor. Its superb responsiveness makes it more aggressive, efficient and provides greater traction control. Smoother shuttling and gear shifts make it even more of a pleasure to drive. It also reduces operating costs by up to 90% for our customers, thanks to eliminating diesel fuel costs and associated maintenance fees.

And it’s quiet. Noise is reduced by up to 90% and vibration is also substantially dampened. This respects stringent municipal noise regulations, allows for nighttime operation, and improves livestock wellbeing, especially when working inside covered areas such as barns.

Precision

What makes this tractor a world first are its autonomous features and automated capabilities. Together these technologies provide leading solutions that support operators of all skill levels.

The T4 Electric Power’s roof houses sensors, cameras and control units which enable its advanced autonomous and automated features. Farmers can remotely activate the tractor via a smartphone app. Shadow Follow Me mode lets operators sync machines to work together. A 360-degree perception system detects and avoids obstacles. Telematics and auto guidance keep all functions in check for operators. Fleet Management lets the farm manager assign tasks to each piece of equipment. Implement recognition ensures the tractor seamlessly links up with the required attachment. And offboard digital services let farmers run the tractor from anywhere, at any time, while monitoring its performance and battery level.

CNH Industrial’s global Design Team have styled our alternative power portfolio. The T4 Electric Power on display features the New Holland Clean Blue color – also present on the new T7 Methane Power LNG (Liquefied Natural Gas) launched at Tech Day. Their illuminated leaf emblem and signature taillights mark a clear distinction from the aesthetics of conventional diesel tractors.

The T4 Electric Power joins the New Holland T7 Methane Power LNG and T6 Methane Power tractors for an alternative source portfolio that further demonstrates CNH Industrial’s commitment to sustainably advancing agriculture for the world’s farmers.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Media contacts:

Rebecca Fabian Anna Angelini
North America United Kingdom
Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007

mediarelations@cnhind.com

Attachments


GlobeNewswire Distribution ID 1000771332

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CNH Industrial adds new Automation and Autonomy Solutions to Ag Tech portfolio

Raven-Autonomy-Harvest Assist-New Holland Agriculture

Raven-Autonomy-Harvest Assist-New Holland Agriculture

New technology helps farmers reach next level productivity and profitability

London, December 9, 2022

CNH Industrial debuted its latest automation and autonomy solutions at its Tech Day in Phoenix, Arizona, USA. New Driverless Tillage and Driver Assist Harvest solutions from Raven, and Baler Automation from Case IH and New Holland, deliver automation and autonomous equipment enhancements. They all help solve farming’s biggest challenges: to increase productivity and to do more with less resources, more sustainably. These latest technology developments form part of our Ag Tech roadmap.

“The agriculture industry is faced with the challenges of time, costs, constrained operational windows, and a dwindling labor force. Autonomy will become an integral part of farmers’ operations everywhere,” said Derek Neilson, President, Agriculture. “We believe that Autonomy and Automation technologies are fundamental to the future of farming. They cover all farmer segments and drive real world benefits.”

Driver Assist Harvest Solution
This new automation technology for the tractor platform leverages our Case IH brand’s harvest technology with Raven Autonomy integration. It provides a coordinated control feature that allows for the Driver Assist Harvest Solution to chart the path and speed of the tractor pulling the grain cart alongside a combine harvester during an ‘unload on the go’ operation.

The Driver Assist Harvest Solutions keeps the tractor perfectly in sync with the combine harvester when unloading grain – giving the combine operator seamless control over the unloading process. This makes the full operation more efficient, with less grain spillage in the process. Our new technology helps remedy the lack of skilled labor by simplifying the task. It also provides a better user experience with less operator fatigue. This solution will be made commercially available for both Case IH and New Holland brands.

Driverless Tillage Solution
The driverless tillage solution features an advanced Perception System and Remote Command & Control experience from Raven Autonomy, which functions with no operator in the cab. The machine can be operated remotely from a mobile tablet device. The operator can plan and execute precise, automated missions with consistent agronomic results monitored from anywhere.

This development combines the Case IH tractor and tillage platform with Raven autonomy to deliver this autonomous tillage solution. The Raven Autonomy technology platform provides a flexible, scalable tech stack to the iron. This solution also leverages existing Case IH tillage automation for ultimate agronomic and machine control of the implement. The result is increased productivity with consistent agronomic performance and richer data insights.

Case IH and New Holland’s significant automation developments are continuing to accelerate with the ongoing integration of Raven.

Baling Automation
Industry-first Baler Automation was also unveiled on New Holland large square balers, featuring new technology that uses a LiDAR sensor to that scan the windrow in front of the tractor for density, volume and direction. The tractor and baler then use this input to automatically control steering, forward speed and baler settings to ensure the baler follows the windrow precisely for accurate crop feeding. The result? Optimized bale shape, increased productivity, operator comfort and reduced fuel consumption. Case IH will also offer the baling automation feature.

Automation and Autonomy technology milestones in the field
We have a proven track record of existing world class technologies on our agriculture equipment. Earlier this year at the Farm Progress Show in Boone, Iowa, USA, Case IH and Raven introduced the agriculture industry’s first autonomous spreader, the Case IH Trident™ 5550 applicator with Raven Autonomy™ (Driverless Spreading Solution). Meanwhile both New Holland and Case IH combines offer award-winning, best-in-class combine automation, and both Case IH Patriot and New Holland Guardian sprayers that come equipped with application control automation.

“We’re on the road to full autonomy. We focus on delivering an autonomous tech stack that scales across all production cycles for the cash crop segment: crop preparation, planting/seeding, crop care, harvest, hay, and forage. Focusing on automation and autonomy is not taking farmers out of farming it’s making their machines more productive with functional automation,” said Parag Garg, CNH Industrial Chief Digital Product Officer. “Our focus is to make the Precision Technology on our equipment so smart, that the customer can focus on the farm and let CNH Industrial take care of rest.”

At CNH Industrial we are Breaking New Ground to help solve farmers’ real-world problems by unlocking additional value through automated and autonomous solutions.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Media contacts:

Rebecca Fabian Anna Angelini
North America United Kingdom
Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007

mediarelations@cnhind.com

Attachments

GlobeNewswire Distribution ID 1000771316

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CNH Industrial debuts world’s first Liquefied Natural Gas tractor prototype

New Holland T7 Methane Power LNG Tractor

New Holland T7 Methane Power LNG Tractor

London, December 9, 2022

CNH Industrial unveiled the next step in alternative power for agriculture at its Tech Day event in Phoenix, Arizona, USA. New Holland Agriculture, one of our global agricultural brands, presented the T7 Methane Power LNG (Liquefied Natural Gas) pre-production prototype tractor.

Another world first for farming
More sustainable, energy independent and productive

New Holland is the alternative fuels leader in agriculture – having developed the first commercialized Compressed Natural Gas (CNG) tractor – the T6 Methane Power. The new T7 prototype furthers the Brand’s position, driving greater value for our customers. It more than doubles the autonomy compared to a CNG design. In comparison to the T6 Methane Power CNG, this is a fourfold increase in fuel capacity. It delivers the same power and torque as the equivalent diesel tractor while delivering autonomy without the need for any extra tanks. It’s also quieter – a significant reduction in drive-by noise levels makes it perfect for tasks near livestock or in urban areas.

To spearhead this latest development, CNH Industrial partnered with Bennamann, a UK-based expert whose multi-patented approach converts fugitive methane to clean biofuel – offering an energy independent and sustainable farm system. When the T7 prototype is integrated within this process, an operation’s overall carbon footprint can be ‘better than zero.’ Bennamann’s system also provides new opportunities and revenue streams for farmers. These include fuel production at a stable cost; sale of excess biomethane on the open market; generation of 100% natural fertilizer; and conversion of excess methane into electricity for export or local use.

The new technology present in the T7 Methane Power LNG has been put through its paces on a variety of farms across myriad applications. This premiere is the first step towards the serial production and commercialization of the world’s first LNG tractor. A tractor that will make our customers more sustainable, energy independent and productive – true to our purpose of Breaking New Ground.

For further information on the T7 Methane Power LNG pre-production prototype including images, video and technical information, please visit: bit.ly/CNHI_T7_LNG_

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Media contacts:

Rebecca Fabian Anna Angelini
North America United Kingdom
Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007

mediarelations@cnhind.com

Attachments

 

GlobeNewswire Distribution ID 1000771304

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George Clinical to Accelerate International Growth Through Acquisition by Hillhouse

SYDNEY, Australia, Dec. 09, 2022 (GLOBE NEWSWIRE) — George Clinical announces that it has entered into a sale agreement with Hillhouse, a global investment firm with deep experience in partnering with and supporting healthcare businesses. The transaction will allow George Clinical to continue a path of rapid global expansion and leadership in Asia-Pacific clinical research services while providing considerable new investment.

Over the past several years, George Clinical has grown to be a leading APAC-born, global clinical research organization (CRO) providing clients access to the fastest growing clinical trial markets in the world. The purchase of George Clinical affords the organization long-term investment and the backing to support the firm’s continuing vision to bring the best “Science, Service and Solutions” to their pharmaceutical and biotech clients around the globe.

“Our acquisition by Hillhouse presents an immense opportunity for George Clinical to achieve even greater success in the next phase of our development. There is a good cultural and strategic fit with the team at Hillhouse and much synergy to be had with healthcare being a key sector of their portfolio,” said James Cheong, CEO. “The path ahead is very exciting for our company, our staff and our clients as we will now have a bigger platform to continue our important mission to improve the health of millions of people worldwide and doing so with much more vigor in our new ownership structure.”

Hillhouse is a leading global investment firm of investment professionals and operating executives who are focused on building and partnering with high-quality franchises that achieve sustainable growth.  The firm invests in companies across all equity stages and has strong experience in the healthcare industry. Investing globally for more than 17 years, Hillhouse has funded over 150 health care companies operating in more than 60 countries across the range of healthcare sub-sectors, including healthcare services, pharmaceutical development, medical devices, dental, and eyecare.  The firm takes pride in its work and commitment to help treat diseases like cancer, immune disorders, cardiovascular diseases, and eye diseases.

This transaction with Hillhouse validates the value of the platform that George Clinical has built and will provide the company with the necessary support to drive its growth plans and maximize full market potential. This includes the expansion of the George Clinical global footprint, the extension and diversification of therapeutic expertise, the broadening of service offerings, and investment in processes and systems for greater efficiencies in project delivery. Hillhouse expects to leverage its experience and relationships in the healthcare sector to augment George Clinical’s exposure to prospective high-quality biotech customers globally to drive increased clinical trial activity for George Clinical.

The George Institute will hold a minority stake in George Clinical following the acquisition and will maintain a collaboration in applicable scientific areas such as in the Global Kidney Patients Trials Network (GKPTN).

“The management of George Clinical had the mission and vision to build a global CRO founded in APAC whose model and approach would work around the world. This is reflected in the success they have enjoyed and why Hillhouse expects to see this organization continue to grow and improve the health of millions worldwide,” said Sean Carney, Partner, Hillhouse.

Glenn Kerkhof, Chairman of George Clinical stated, “We are delighted to partner with the team at Hillhouse to support our ambitious growth plans. We also thank The George Institute for our proud association to date that has shaped an emerging, scientifically-led and differentiated clinical CRO. Under our new owners, Hillhouse, we will have greater capacity to invest in our growth and create a mid-tier global CRO based in Asia, the fastest growing market for clinical trials.”

The transaction is subject to FIRB approval.

BofA Securities acted as lead financial advisor on the transaction and Lazard Australia acted as co-advisor.   Herbert Smith Freehills acted as legal advisor on the transaction.

About George Clinical
George Clinical is a leading global clinical research organization founded in Asia-Pacific driven by scientific expertise and operational excellence. With over 20 years of experience and more than 450 people managing over 39 geographical locations throughout the Asia-Pacific region, USA, and Europe, George Clinical provides the full range of clinical trial services to biopharmaceutical, medical device, and diagnostic customers, for all trial phases, registration and post-marketing trials.

About Hillhouse
Hillhouse builds businesses that stand the test of time. We are long-term investors focused on partnering with world-class entrepreneurs to help them grow their businesses globally. Over more than 17 years, we’ve worked alongside iconic companies that have redefined their industries. With offices globally, we have the flexibility to work across the private equity spectrum, from seed investments to buyouts. We manage capital on behalf of global institutions, such as non-profit foundations and pensions, and are proud that our efforts help support educational scholarships, scientific innovation, and artistic achievements across the world.

Website: https://www.georgeclinical.com
LinkedIn: https://www.linkedin.com/company/george-clinical-pty-ltd
Twitter: https://twitter.com/george_clinical
Facebook: https://www.facebook.com/georgeclinical
WeChat: https://mp.weixin.qq.com/

For more information, contact:
Sean L. Hart
Chief Business Officer
T +1-913-827-6441
E shart@georgeclinical.com
W georgeclinical.com | georgeinstitute.org

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