09.11.2026

Kobelco to acquire CNH CE

Kobelco is to acquire a majority stake in the CNH Construction Equipment business in a share purchase deal.

CNH plans to transfer the CNH CE business, which includes Case and New Holland construction equipment, and in Europe, Eurocomach - which makes mini excavators and skid steers- to a new company it has set up for the purpose of the acquisition. Kobelco will then purchase 70 percent of the shares of this new company. The deal is subject to the usual regulatory clearances and normal closing conditions.

The NewCo business will be incorporated into the Kobelco Construction Machinery group, with CNH retaining a minority stake, at least in the short term. Although the announcement states: The parties intend to build a new partnership that draws on their respective strengths.”

Kobelco said: “This transaction will enable us to reach more customers worldwide by drawing on the two parties' product portfolios and sales and service networks. Insights gained from serving this broader customer base will help Kobelco enhance its parts offerings, aftermarket services, and solutions.”

Vertikal Comment

These businesses do not operate in our sector directly, this is mainly about 360 degree excavators, wheeled loaders, mini excavators and skid steers, and possibly, most importantly, parts and service revenues, which is where most of the money is made.

Kobelco’s Construction division is, of course, a major player in the global crawler crane market, thus, the interest.