# CNH Industrial to sell 70% of construction business to Kobelco

CNH Industrial agreed to sell 70% interests in newly formed entities holding its Construction Equipment business to Kobelco Construction Machinery for $700 million, retaining a 30% joint-venture stake.

- Type: Acquisition
- Announced: 2026-11-09
- Where: United States
- Value: $700.0M
- Status: announced
- Products: construction equipment
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

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

## Sources

- [stocktitan.net](https://www.stocktitan.net/sec-filings/CNH/8-k-cnh-industrial-n-v-reports-material-event-1959ac012e47.html), 2026-11-09: "CNH expects to receive $700 million in cash, equal to 70% of the agreed $1 billion enterprise value."
- [entreprenaden.se](https://entreprenaden.se/kobelco-tar-over-70-procent-av-case-anlaggningsmaskiner/), 2026-11-09: "CNH Industrial meddelade den 9 november att bolaget tecknat ett bindande avtal med Kobelco Construction Machinery, helägt dotterbolag till Kobe Steel, om att bilda ett joint venture som ska driva CNH:s Construction Equipment-verksamhet."
- [vistatradehub.com](https://www.vistatradehub.com/news/Latest_Sector_News/CNH_Industrial_to_Sell_70_of_Construction_Equipment_Business_to_Kobelco.html), 2026-11-09: "CNH Industrial will sell 70% of its construction equipment business to Kobelco for $700 million."

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