Emerald Truck & Van takes over Iveco distributorship for Ireland

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Watford, February 24, 2014

Emerald Truck & Van has been appointed as the new Iveco distributor for Ireland in a move designed to further strengthen the brand’s market share and service capability on the island.

Emerald Truck & Van is a subsidiary of Gaffer Group, which also owns NI Trucks – an Iveco dealer for more than 30 years, and one of the largest commercial vehicle dealerships in Northern Ireland. The acquisition sees Gaffer Group responsible for the sales and aftersales of the full range of Iveco vehicles throughout the island of Ireland.

The appointment of Emerald Truck & Van replaces a previous sales franchise with Truck Dealers International (TDI), which had represented Iveco in Ireland since 1993, with BOD Vehicle Support Services providing aftersales support. Emerald has acquired the trade and assets of BOD’s commercial vehicle business, for use as a platform to develop and grow its new distributorship.

This sees Emerald Truck & Van operating from Greenogue Industrial Estate in Rathcoole, County Dublin. The dealership is open six days a week and is supported by a complement of 25 staff – with plans to invest £10m in the new business and extend its team to more than 100 over the next three years.

Mark Smith, Managing Director of Emerald Truck & Van, says: “This has been a great opportunity to take our extensive commercial vehicle expertise and build on our current business portfolio in a sector we know well. We will bring a fresh perspective to the commercial vehicle market in Ireland in terms of sales, marketing and operational performance. In particular, we intend to grow the Iveco share of the commercial vehicle market as we see significant opportunities for the brand with customers ranging from owner drivers to established fleets.”

Iveco has also committed to support Emerald Truck & Van with range of initiatives designed to develop network coverage throughout Ireland. Marco Leonardi, Iveco’s Network Director comments: “We are delighted to have appointed Emerald Truck & Van to represent Iveco in Ireland. We have a longstanding and very successful relationship with Gaffer Group through NI Trucks and we are confident in the abilities of the management team to manage Iveco’s future sales, service and parts business in this key European market.”

Emerald Truck & Van offers customers access to the latest Iveco product line-up from 3.5 to 44 tonnes, including the extensive Daily, Eurocargo, Trakker and Stralis ranges.

For further information please see www.emeraldtruckandvan.ie

Iveco

Iveco is a brand of CNH Industrial N.V., a World leader in Capital Goods listed on the New York Stock Exchange (NYSE: CNHI) and on the Mercato Telematico Azionario of the Borsa Italiana (MI: CNHI). Iveco

designs, manufactures and markets a wide range of light, medium and heavy commercial vehicles, off-road trucks, city and intercity buses and coaches as well as special vehicles for applications such as firefighting, off-road missions, defence and civil protection. Iveco employs over 26,000 individuals globally. It manages production sites in 11 countries throughout Europe, Asia, Africa, Oceania and Latin America where it produces vehicles featuring the latest advanced technologies. 5,000 sales and service outlets in over 160 countries guarantee technical support wherever an Iveco vehicle is at work.

For more on Iveco visit: www.iveco.com

For more on CNH Industrial visit: www.cnhindustrial.com

Emerald Truck & Van Limited

Emerald is a new company which is a 100% subsidiary of Gaffer Group. The company was formed to hold the sales and aftersales distributor agreements for Iveco commercial vehicles in the Republic of Ireland. Emerald is also the company used to acquire the trade and assets of BOD VSS’s commercial vehicle business.

Gaffer Group

Gaffer Group is a Northern Ireland based holding company that owns businesses operating in the Sale, After Sales and Rental of commercial vehicles through its NI Trucks and Star Rentals businesses in Northern Ireland. It also owns Dessian Products Limited, one of the largest uPVC fabricators in the UK and Ireland offering windows, doors and conservatories delivered nationally to a network of trade and retail businesses. The group has a property division geared to the ownership and maintenance of the group’s property interests in Ireland and Scotland. The group also has an interest in one of the largest and most reputable financial advisory firms in Northern Ireland.

The group has traded well through the recession with every company in the group reporting a profit achieved on the basis of stringent cost and management control. As the economy in Ireland and the UK recovers, the group is focused on identifying opportunities to grow its business by consolidating its position in each of the markets that it operates in. The group is cash rich and over recent years it has been actively looking for investment opportunities.

NI Trucks

NI Trucks has been established in Northern Ireland for 30 years as a leading supplier of commercial vehicles. NI Trucks specialises in the sale, service and parts for Iveco and Iveco Bus vehicles. Its full range spans from vans and tippers to heavy trucks and artics, with a range of purchasing options available to its wide customer base. Employing approximately 100 people, the company operates from two principal sites in Mallusk and Portadown, with province-wide Service centres in Newcastle, Coleraine and Claudy. The company has the longest opening hours of any commercial vehicle dealership in Northern Ireland. More details can be found at www.ni-trucks.co.uk

BOD VSS

BOD VSS is an Iveco Aftersales distributor based in Rathcoole, Dublin. The company was founded in 2005, under the ownership of Brian and Mary O’Donoghue, and was used as a vehicle to acquire the Iveco Aftersales business from the vehicle importer, TDI. The company stocks a comprehensive range of original spare parts for the complete range of Iveco vehicles. It has a dealer network spanning from Donegal to Cork. Further details can be found on the BOD VSS website: www.bodvss.ie

For more information contact:

Nigel Emms, Press and Public Relations Director

Iveco Ltd

Tel. +44 (0)1923 259513

nigel.emms@iveco.com

www.iveco.co.uk

ref:  IVECO 14008                                                                                                                                               2457/14

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