Carraro SpA Propose Distribution, Payable May 23, 2018

Carraro SpA is an Italy-based company primarily engaged in the manufacture and marketing of drive systems. It structures its activities into four business units. Through the Drivelines unit, the Company is active in the production of axles, transmissions and drives for construction equipment and agricultural applications. Through the Gear & Components unit, it offers gears and components for axles and transmissions. Through the Vehicles unit, it is engaged in the design, manufacture and marketing of agricultural tractors. Through the Electronics unit, the Company provides electronic and power systems, such as motor drives, inverters for solar and wind energy, and hybrid traction systems. The Company operates in Italy and abroad, including Switzerland, France, Germany, India, China and Poland, among others. In May 2014, Carraro SpA launched the new plant Carraro Brasil. It operates through affiliate, such as O&K Antriebstechnik GmbH.