SOURCE: Case New Holland

June 26, 2008 18:23 ET

Case Enters Agreement to Purchase Western Power & Equipment

RACINE, WI--(Marketwire - June 26, 2008) - Case Construction Equipment announced today that it has entered an agreement to purchase select dealership assets of Western Power & Equipment of Vancouver, Wash.

Western Power & Equipment sells, rents and services construction and industrial equipment through eight locations in Oregon, Washington, California and Nevada.

James Hasler, vice president, Case Construction Equipment, said, "Western Power serves an important geographic region. This investment ensures continued growth of the business that Western Power has developed."

The acquisition confirms Case's commitment to its customers in these markets. "We will work closely with Western Power's 145 employees to deliver the high caliber of equipment, finance, parts and service support customers expect from Case," said Hasler. "There will be no interruption in service at any of the Western Power dealerships."

Case expects to finalize the sale within the next 30 to 45 days -- subject to due diligence and customary closing conditions.

In addition to its Vancouver, Wash. headquarters, Western Power & Equipment operates Case dealerships in Redding, Sacramento and Stockton, Calif.; Sparks/Reno, Nev.; Portland and Salem, Ore.; and Auburn and Marysville, Wash.

Case Construction Equipment sells and supports a full line of construction equipment around the world, including the No. 1 loader/backhoes, articulated trucks, excavators, motor graders, wheel loaders, vibratory compaction rollers, crawler dozers, skid steers, compact track loaders, telescopic handlers and rough-terrain forklifts. Through Case dealers, customers have access to a true professional partner -- with world-class equipment and aftermarket support, industry-leading warranties and flexible financing. More information is available at www.casece.com. Case is a division of CNH Global N.V. (NYSE: CNH), a majority-owned subsidiary of Fiat S.p.A. (FIA.MI).

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