CASE Corporation is a world leader in the development, production and sale of construction and agricultural machinery of small and medium classes. The headquarters of the corporation is located in Racine. Wisconsin, USA, is headquartered in Paris, France.
CASE Corporation was founded in Racine, pc. Wisconsin, USA, in 1842, farmer and inventor Jeremy Inkriz Case for the production of agricultural implements. The company later gained worldwide recognition as the world's first manufacturer of steam engines for agricultural applications, becoming essentially the world's largest manufacturer of steam engines.
In 1885, the company went beyond the North American continent, starting sales of its products in Latin America. On the European continent, CASE opened its first representative office in 1898 in Russia, in Odessa. In 1912, CASE established itself in the construction machinery industry as a manufacturer of equipment for road construction, such as steam rollers and road graders. The company has developed its construction equipment business through a number of acquisitions, the first of which was the acquisition of American Tractor Corporation in 1957. In 1977, CASE acquired 40 percent of the French company Poclain, and since 1987 began to own more than 90 percent of the shares of this world-famous pioneer company in the production of hydraulic excavators. In 1985, CASE acquired certain property rights in agricultural equipment operations of the International Harvester Group. This made CASE the second largest agricultural producer in North America and expanded the CASE agricultural production line. On June 24, 1994, CASE was listed on the New York Stock Exchange with an asset of $ 19 million and began selling its shares on the open market. In January 1996, CASE completed the acquisition of Concord Inc., the number one US drill manufacturer. In March 1996, CASE acquired Austoft Holding Ltd., a leading global manufacturer of sugar beet harvesting equipment. In April 1996, CASE was listed on the Paris Stock Exchange. In October 1996, CASE announced its acquisition of Fermec Holding Ltd., a well-known UK construction equipment manufacturer. In 1996, CASE organized joint ventures in China (backhoe loaders) and Uzbekistan (agricultural machines). In January 1997, the corporation announced its acquisition of Bor-Mor Inc., a pioneer in the field of directional drilling equipment. In September 1998, CASE Corporation and Japanese company SUMITOMO announced the creation of a global strategic alliance for the production and sale of hydraulic crawler excavators. In May 1999, CASE and NEW HOLLAND Corporation announced the creation of a joint company for the design, manufacture and sale of equipment. The combined company will include all assets belonging to its constituent corporations, as well as assets of O&K, European Engines Alliance, and other component supply companies owned by them in whole or in part.
CASE's net income in 1998 was about $ 7 billion through approximately 4,900 independent dealers and distributors in more than 150 countries. CASE staff of all categories is 17,700 people. According to 1998 results, 62% of CASE's business is in North America, 28% in Europe, and the remaining 9% in distributor markets. Approximately 49% of CASE's sales in 1998 came from agricultural equipment, 32% from construction equipment and the remaining 19% from the sale of spare parts.
In 2002, Case Corporation entered into an alliance with Astec Industries, Inc. and transferred her the right to manufacture a line of her utility trenchers and drilling rigs. The result of this alliance was Astec Underground. Thus, the new company, having built modern production facilities on the basis of the purchased John Deere plant, began to produce the entire line of utility drilling rigs and trenchers Case.