# 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.

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

## Companies

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

## Sources

- [am1100theflag.com](https://www.am1100theflag.com/news/cnh-announces-1-billion-construction-equipment-deal-future-of-fargo-manufacturing-plant-unclear/), 2026-11-09: "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.