FPT Industrial, the global powertrain brand of CNH Industrial N.V., has acquired Potenza Technology, a company specialized in the design and development of electric and hybrid powertrain systems.

This acquisition represents another step in FPT Industrial’s path towards electrification, one of the pillars of its multi-power strategy.

CNH Industrial (NYSE: CNHI/MI: CNHI) unveiled the industry’s first electric backhoe loader at this week’s CONEXPO in Las Vegas, North America’s largest construction trade show and innovation showcase.

It’s part of the growing movement towards electrification as the sector is turning to a combination of technology and alternative energy sources to reduce emissions and minimize its carbon footprint.

IVECO, CNH Industrial’s commercial vehicles brand, is the European leader in alternative propulsion vehicles in both the truck and bus segments, primarily with natural gas engines. IVECO, is also actively engaged in developing and bringing to market a range of alternative propulsion solutions which are right-sized to specific missions.

The CNH Industrial Foundation recently issued a grant to Junior Achievement of South Central PA, U.S.A. CNH Industrial employees in New Holland, PA along with employees at other North America locations volunteer with Junior Achievement throughout the year. Together, the goal is to help as many students as possible prepare for the future through programs in financial literacy, work readiness and entrepreneurship education. We are partnering together to invest in the future of our communities!