Agricultural and construction equipment manufacturer
Appears in 1 story · Last updated Nov 11, 2026
Seller of 70% of its construction business
CNH Industrial is selling 70% of its construction equipment business to Kobelco Construction Machinery, a unit of Japan's Kobe Steel, for $700 million in cash. The price values the whole business at $1 billion and leaves CNH with a 30% stake it cannot sell for three years.
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