CNH sells 70% of its construction equipment business to Kobelco, focusing on agriculture equipment.

CNH Industrial has agreed to sell a 70% stake in its construction equipment business to Kobelco Construction Machinery, forming a joint venture valued at $1 billion. This move allows CNH to focus on becoming a pure-play agriculture equipment and technology company, enhancing its financial profile and investment capacity. CNH will retain 30% ownership and receive $700 million in cash, expected to improve its margins and reduce debt. The transaction is set to close by the end of 2027, subject to regulatory approvals, with CNH continuing to supply agriculture equipment and support the joint venture's customers.

CNH Industrial shares trade at USD 11.65 on Pluang as of Nov 09, 2026 13:41 WIB, down 0.51% for the day. This price sits closer to the 52-week low of USD 9.22 than the high of USD 14.40, reflecting some market caution despite the joint venture news. The company's market cap stands at $18.59 billion, with a dividend yield of 0.87%, indicating a moderate income return for investors.