Fiat Industrial
Fiat Industrial S.p.A. is a company to which Fiat S.p.A.
FIAT, an acronym for Fabbrica Italiana Automobili Torino , is an Italian automobile manufacturer, engine manufacturer, financial, and industrial group based in Turin in the Italian region of Piedmont. Fiat was founded in 1899 by a group of investors including Giovanni Agnelli...

 (parent company of Fiat Group demerged
Demerger is a form of corporate restructuring in which the an entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition....

 its capital goods activities at the start of 2011. Fiat Industrial serves as a holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...

 for the truck
A truck or lorry is a motor vehicle designed to transport cargo. Trucks vary greatly in size, power, and configuration, with the smallest being mechanically similar to an automobile...

 manufacturer Iveco
Iveco, an acronym for Industrial Vehicle Corporation, originally an alliance of European commercial vehicle manufacturers such as Fiat , Unic and Magirus. Iveco is now an Italian truck, bus, and diesel engine manufacturer, based in Turin...

; an 89.3% stake in the producer of agricultural
Agricultural machinery
Agricultural machinery is machinery used in the operation of an agricultural area or farm.-Hand tools:The first person to turn from the hunting and gathering lifestyle to farming probably did so by using his bare hands, and perhaps some sticks or stones. Tools such as knives, scythes, and wooden...

 and construction equipment CNH Global; and FPT Industrial, which comprises the industrial and marine activities of Fiat Powertrain Technologies
Fiat Powertrain Technologies
The Fiat Powertrain Technologies is a part the Fiat Group, which includes all the activities related to powertrains and transmissions to Fiat Automobiles Iveco , Centro Ricerche Fiat and Elasis....

. The Company's Chairman is Sergio Marchionne
Sergio Marchionne
Sergio Marchionne is an international manager best known for his turnaround of the Italian automotive group Fiat and, more recently, for managing the US automotive group Chrysler from bankruptcy to profitability...

, who also serves as CEO of Fiat S.p.A.

At the demerger on 1 January 2011, each existing share of Fiat S.p.A. was converted into one Fiat share and one Fiat Industrial share. This resulted in Exor
Exor (company)
Exor S.p.A. is an Italian-based industrial holding company controlled by the Agnelli family. The firm dates back to 1927 when Giovanni Agnelli formed Istituto Finanziario Italiano to manage his investments in Fiat, Cinzano and other companies, as well as his interests in the village of Sestriere....

(the holding company controlled by Agnelli family), which is currently the largest shareholder of Fiat with a quota around 30%, acquiring an analogous allotment of Fiat Industrial shares. Exor has however raised the possibility of the future sale of some of its stake.

In September 2011, the company entered the DJSI World and Europe indexes as leader in the Industrial Engineering sector.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.