Lake Forest, Ill.-based CNH Global N.V. said one of its subsidiaries entered into an agreement under which ALD Vacuum Technologies GmbH, a part of private investment fund Safeguard International, acquires the CNH plant in Spandau. Terms were not disclosed.
CNH, which acquired the facility in 1999 with O&K Orenstein & Koppel AG, said it would retain about 200 employees in Berlin, among others in research and development designing hydraulic excavators.
CNH Global N.V. is an international manufacturer of agricultural and construction equipment.
