Kobelco’s three objectives after buying 70% of CNH’s construction machinery arm
10 November 2026
Kobelco’s European headquarters in the Netherlands. Photo: Kobelco
Japanese construction equipment manufacturer Kobelco has set out three objectives at the heart of its move to buy 70% of CNH Industrial’s construction machinery business.
CNH announced today (9 November) that it would set up a joint venture with Kobelco called CE JV to operate the CNH construction equipment business. It will receive a $700 million cash consideration from Kobelco as part of the deal.
CE JV (which is a temporary name for the company…
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