FY2027-H1First statedAnnual report
「At a meeting of our Board of Directors held on 9 November 2026, we decided that our consolidated subsidiary Kobelco Construction Machinery Co., Ltd. would acquire 70% of the shares in each of two companies that will succeed to the construction machinery business operated by CNH Industrial N.V. and its affiliates, collectively referred to as CNH, after CNH transfers that business to two companies already established by CNH in the United States and the United Kingdom. The shares will be acquired directly or through subsidiaries of Kobelco Construction Machinery, and the two companies will become consolidated subsidiaries. On the same date, Kobelco Construction Machinery and CNH entered into a share transfer agreement.」
Kobelco Construction Machinery entered into a share transfer agreement to acquire 70% of each of the two companies succeeding to CNH’s construction machinery businesses in the United States and the United Kingdom. The total acquisition price is US$700 million, and the business combination is scheduled for the third quarter of fiscal 2027. The transaction aims to strengthen the competitiveness of the global value proposition and sales and service network by combining CNH’s brand, product lineup, sales and service network and customer base with Kobelco Construction Machinery’s hydraulic excavators, cranes and construction DX technologies.