CNH Industrial and Kobelco Construction Machinery form $1B joint venture

CNH Industrial announced a $1 billion agreement to form a joint venture with Kobelco Construction Machinery, where Kobelco will acquire a 70% stake in CNH's construction equipment business for approximately $700 million. CNH will retain 30% ownership.

“This transaction significantly advances CNH's portfolio simplification and sharpens our focus on agriculture in line with our Path to 2030.”am1100theflag.com

• 1 source
• am1100theflag.comCNH announces $1 billion construction equipment deal; future of Fargo manufacturing plant unclear | The Flag - AM 1100 and FM 92.3 WZFGChris LarsonNov 9, 2026

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