CNH to sell 70% stake in construction equipment business to Kobelco

Neil Gerrard Senior Editor, Construction Briefing

09 November 2026

Case has updated its 221G and 321G compact wheeled loaders (Image: Case Construction Equipment) Case has updated its 221G and 321G compact wheeled loaders (Image: Case Construction Equipment)

CNH Industrial has announced that it will sell 70% of its construction equipment business to Kobelco in a transaction that values the business at $1 billion.

CNH and Kobelco Construction Machinery Co will establish a joint venture that will operated CNH’s construction equipment business called CE JV.

Kobelco will be the majority owner of the CE JV and CNH expects to receive a $700 million cash consideration, while retaining a 30% stake in the joint venture.…

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