# CNH to sell 70% interest in construction equipment business to Kobelco

CNH Industrial announced a definitive agreement to sell a 70% interest in its Construction Equipment business to Kobelco Construction Machinery, forming a joint venture. The transaction values CNH's construction equipment business at an enterprise value of $1 billion.

- Type: Acquisition
- Announced: 2026-11-09
- Value: $1.00B
- Status: announced
- Products: construction equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CNH Industrial](https://endata.com/companies/21837.md)
- [Kobe Steel](https://endata.com/companies/6583.md) (investor)
- [Kobe Steel](https://endata.com/companies/6583.md) (partner)
- [Kobelco Construction Machinery Co., Ltd.](https://endata.com/companies/18444.md) (acquirer)
- [Kobelco Construction Machinery Co., Ltd.](https://endata.com/companies/18444.md) (partner)
- [CNH Industrial](https://endata.com/companies/21837.md) (partner)
- [CNH Industrial](https://endata.com/companies/21837.md) (target)

## Sources

- [supplier.cnh.com](https://supplier.cnh.com/supplier/Portal/News/HomeViewer/ZVNFTkpnUWxuOWc9), 2026-11-09: "Today we announced that CNH has entered an agreement with Kobelco Construction Machinery to establish our Construction Equipment (CE) business as a joint venture, 'CE JV.'"
- [theglobeandmail.com](https://www.theglobeandmail.com/investing/markets/markets-news/GlobeNewswire/8728158/cnh-announces-agreement-to-form-a-joint-venture-by-selling-a-70-interest-in-its-construction-equipment-business-to-kobelco-construction-machinery/), 2026-11-09: "This transaction significantly advances CNH's portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [investors.cnh.com](https://investors.cnh.com/news/news-details/2026/CNH-Announces-Agreement-to-Form-a-Joint-Venture-by-Selling-a-70-Interest-in-its-Construction-Equipment-Business-to-Kobelco-Construction-Machinery/default.aspx), 2026-11-09: "This transaction significantly advances CNH’s portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [maskinentreprenoren.se](https://www.maskinentreprenoren.se/kobelco-tar-over-case), 2026-11-09: "Den här transaktionen innebär ett betydande steg i förenklingen av CNH:s portfölj och skärper vårt fokus på lantbruk i linje med vår Path to 2030."
- [kobelco.co.jp](https://www.kobelco.co.jp/english/releases/2026/1219233_18740.html), 2026-11-09: "Notice Concerning Acquisition of Shares (to Make Subsidiaries) in Connection with the Acquisition of the Construction Equipment Business of CNH Industrial N.V. by Kobelco Construction Machinery Co., Ltd."
- [supplier.cnh.com](https://supplier.cnh.com/supplier/Portal/News/Viewer/ZVNFTkpnUWxuOWc9), 2026-11-09: "Today we announced that CNH has entered an agreement with Kobelco Construction Machinery to establish our Construction Equipment (CE) business as a joint venture, 'CE JV.'"
- [markets.ft.com](https://markets.ft.com/data/announce/detail?dockey=1330-1001302481en-1BNGAFNHCL4IEFIO20TSBU9UVT), 2026-11-09: "This transaction significantly advances CNH’s portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [kauppalehti.fi](https://www.kauppalehti.fi/lehdistotiedotteet/a/59444f8d-eed9-58cb-a557-6d0b7ec460ab), 2026-11-09: "This transaction significantly advances CNH's portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [globenewswire.com](https://www.globenewswire.com/news-release/2026/11/09/3398057/0/en/cnh-announces-agreement-to-form-a-joint-venture-by-selling-a-70-interest-in-its-construction-equipment-business-to-kobelco-construction-machinery.html), 2026-11-09: "This transaction significantly advances CNH's portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/cnh-announces-agreement-form-joint-063000773.html), 2026-11-09: "This transaction significantly advances CNH's portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [morningstar.com](https://www.morningstar.com/news/globe-newswire/1001302481/cnh-announces-agreement-to-form-a-joint-venture-by-selling-a-70-interest-in-its-construction-equipment-business-to-kobelco-construction-machinery), 2026-11-09: "This transaction significantly advances CNH’s portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [stocktitan.net](https://www.stocktitan.net/news/CNH/cnh-announces-agreement-to-form-a-joint-venture-by-selling-a-70-kpent18ca7ol.html), 2026-11-09: "CNH (NYSE: CNH) signed a definitive agreement to sell a 70% interest in its Construction Equipment business to Kobelco Construction Machinery."
- [stockhouse.com](https://stockhouse.com/news/press-releases/2026/11/09/cnh-announces-agreement-to-form-a-joint-venture-by-selling-a-70-interest-in-its), 2026-11-09: "This transaction significantly advances CNH's portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [financialcontent.com](https://www.financialcontent.com/article/gnwcq-2026-11-9-cnh-announces-agreement-to-form-a-joint-venture-by-selling-a-70-interest-in-its-construction-equipment-business-to-kobelco-construction-machinery), 2026-11-09: "This transaction significantly advances CNH’s portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [pr.unionrecorder.com](https://pr.unionrecorder.com/article/CNH-Announces-Agreement-to-Form-a-Joint-Venture-by-Selling-a-70percent-Interest-in-its-Construction-Equipment-Business-to-Kobelco-Construction-Machinery/6af1694145631dcbed09b09d), 2026-11-09: "This transaction significantly advances CNH’s portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [pr.cullmantimes.com](https://pr.cullmantimes.com/article/CNH-Announces-Agreement-to-Form-a-Joint-Venture-by-Selling-a-70percent-Interest-in-its-Construction-Equipment-Business-to-Kobelco-Construction-Machinery/6af1694145631dcbed09b09d), 2026-11-09: "This transaction significantly advances CNH’s portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [pr.norwoodtownnews.com](https://pr.norwoodtownnews.com/article/CNH-Announces-Agreement-to-Form-a-Joint-Venture-by-Selling-a-70percent-Interest-in-its-Construction-Equipment-Business-to-Kobelco-Construction-Machinery/6af1694145631dcbed09b09d), 2026-11-09: "This transaction significantly advances CNH's portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."
- [kobelco-kenki.co.jp](https://www.kobelco-kenki.co.jp/news/press-release/20261109), 2026-11-09: "当該取引にあたっては、CNHが設立済みの会社にCNH建設機械事業を譲渡のうえ、コベルコ建機が新会社の株式の70％を取得することを予定しております。"
- [ground.news](https://ground.news/article/cnh-announces-agreement-to-form-a-joint-venture-by-selling-a-70-interest-in-its-construction-equipment-business-to-kobelco-construction-machin), 2026-11-09: "CNH has signed a final agreement with Kobelco Construction Machinery, 100% controlled by Kobe Steel, to create a joint venture that will manage its business Construction Equipment."
- [at.no](https://www.at.no/anlegg/kobelco-tar-kontroll-over-case-construction/1357627), 2026-11-09: "Kobelco, som er heleid av japanske Kobe Steel, skal eie 70 prosent av det nye selskapet, mens CNH beholder en eierandel på 30 prosent."
- [agg-net.com](https://agg-net.com/news/cnh-to-sell-70-stake-in-construction-equipment-business-to-kobelco), 2026-11-09: "This transaction significantly advances CNH’s portfolio simplification and sharpens our focus on agriculture, in line with our Path to 2030."
- [japanir.jp](https://japanir.jp/en/company/company-5406/ir/5406-20261109-01_wp_m_and_a_alliance/), 2026-11-09: "Kobelco Construction Machinery will acquire a 70% interest in CNH Industrial N.V.'s construction equipment business to integrate global sales and service networks."
- [planttoday.co.uk](https://planttoday.co.uk/news/kobelco-agrees-to-take-70-stake-in-cnh-industrial-s-construction-equipment/), 2026-11-09: "Kobelco Construction Machinery Co., Ltd. announced on 9 November 2026 that it has agreed to acquire the construction equipment business of CNH Industrial N.V. and its affiliates, taking a 70% stake in a new holding company."
- [koneviesti.fi](https://www.koneviesti.fi/uutiset/9c3457f5-f0a7-43cc-a8df-683498098c8f), 2026-11-09: "Kobelco Construction Machinery aikoo ostaa 70 prosentin osuuden CNH Industrialin maarakennuskoneiden liiketoiminnasta."
- [inforum.com](https://www.inforum.com/business/company-that-owns-fargo-manufacturing-plant-plans-to-sell-off-construction-equipment-business), 2026-11-09: "Under the agreement, Kobelco Construction Machinery, a wholly owned subsidiary of Kobe Steel, will operate CNH’s construction equipment business, with Kobelco serving as the majority owner."
- [equipmentworld.com](https://www.equipmentworld.com/manufacturer-news/article/16424892/kobelco-to-acquire-cnhs-construction-equipment-business), 2026-11-09: "With global demand for construction equipment expected to grow over the long term, KOBELCO stands to benefit from a broader range of products, an expanded global dealer base and after-sales support, and access to CNH's proprietary technology suite through the acquisition."
- [manilatimes.net](https://www.manilatimes.net/2026/11/10/business/foreign-business/kobelco-to-acquire-cnh-unit-for-1-billion/2465528), 2026-11-09: "This transaction strengthens CNH’s ability to invest in the products and technologies that matter most to farmers."
- [mequipment.ro](https://mequipment.ro/en/acord-joint-venture-prin-care-kobelco-va-prelua-70-din-divizia-de-utilaje-de-constructii-a-cnh/), 2026-11-09: "CNH Industrial N.V. today announced a definitive agreement with Kobelco Construction Machinery Co., Ltd., a wholly owned subsidiary of Kobe Steel, Ltd., to establish a joint venture that will operate CNH's Construction Equipment business."
- [wdayradionow.com](https://www.wdayradionow.com/news/local-news/cnh-announces-1-billion-construction-equipment-deal-future-of-fargo-manufacturing-plant-unclear/), 2026-11-10: "This transaction significantly advances CNH's portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.