CNH to sell 70% of construction equipment business to Kobelco in $1 billion joint venture
The agreement reshapes CNH as a pure-play agriculture equipment group while giving Kobelco majority ownership of a global construction-equipment venture.
CNH Industrial said on November 9, 2026 that it signed a definitive agreement with Kobelco Construction Machinery to establish a joint venture for CNH's Construction Equipment business. Kobelco will hold 70% and CNH will receive cash plus a 30% interest in the new venture.
A sharper focus on agriculture
CNH said the transaction values its Construction Equipment business at an enterprise value of $1 billion and is expected to be accretive to its margins. The company will continue to provide agriculture equipment, technology and services through the Case IH, New Holland, STEYR and CNH Tech brands, while CNH Capital remains part of the group.
The new venture will combine CNH's construction brands, product range, global sales and service network with Kobelco's strengths in hydraulic excavators, cranes and digital-construction technology. Kobelco's K-DIVE remote-operation platform was cited as one of those capabilities.
Closing remains subject to conditions
The companies described the agreement as the next step in CNH's portfolio simplification and said it should strengthen investment capacity in agriculture products, precision technology and the dealer network. The release did not give a closing date; completion remains subject to customary conditions and approvals.
Enterprise value
$1B
construction business
Kobelco stake
70%
joint venture
CNH stake
30%
at closing
Sources
This story describes figures the company has published. It is for information only and is not investment advice or a recommendation to buy, sell or hold any security. Check the original filings before relying on any figure. Stoqly is not affiliated with the SEC or CNH Industrial.
