# Kobelco to acquire 70% stake in CNH Industrial's construction equipment business

CNH Industrial signed a definitive agreement with Kobelco Construction Machinery to form a joint venture for its construction equipment business. Kobelco will acquire a 70% stake, valuing the business at $1 billion, with CNH retaining 30%.

- Type: Acquisition
- Announced: 2026-11-12
- Value: $700.0M
- Status: announced
- Products: excavators, loaders, graders, dozers, compact track loaders, skid steer loaders, tractor loader backhoes
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

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

## Sources

- [constructionworld.in](https://www.constructionworld.in/heavy-construction-equipment/kobelco-to-acquire-70--stake-in-cnh-construction-business/100299), 2026-11-12: "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.