CNH Industrial N.V. Announcement Today
Dear Supplier Partner,
Today we announced that CNH has entered an agreement with Kobelco Construction Machinery to establish our Construction Equipment (CE) business as a joint venture, “CE JV.” CE JV will be a global manufacturer of construction equipment, under Kobelco’s majority ownership.
This is an exciting step for CNH. CNH will become a leading, pure-play agriculture equipment, technology, and services company, with a strengthened financial profile and enhanced capacity to invest in products, precision technology, and our global dealer network. We also position the CE business for greater success as CE JV: a more competitive business with construction at its core, benefiting from the highly complementary strengths of Kobelco. By creating stronger, focused industry leaders with greater ability to invest and grow, we expect enhanced opportunities for partners of both CNH and CE JV.
Upon closing, CNH will continue to provide full-line agriculture applications through our 5 core brands: Case IH, New Holland, STEYR, CNH Tech, which includes the Raven precision technology platform, and CNH Capital. CE JV will offer a comprehensive construction equipment portfolio spanning a broad range of earthmoving, lifting, and compaction applications across the heavy and compact segments, currently sold under the CASE Construction Equipment, Eurocomach, and New Holland Construction brands.
Importantly, today’s announcement is just the first step in the process for this transaction, which we expect to close by the end of 2027. Until then, we remain one CNH. All existing agreements, processes, and programs will remain in place in the ordinary course of business.
At closing, CNH Construction Equipment contracts will transition to CE JV. At that time, contracts will be amended to match the new legal entity, and there is no expectation of immediate changes to contract terms. In the months leading up to closing and beyond, we will keep you informed of any changes we anticipate.
We deeply value our partnership with you and will keep you informed as the transaction progresses so that this process is as seamless as possible.
Thank you for your continued partnership and trust in us.
Sincerely,
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Tom Verbaeten Chief Supply Chain Officer, CNH
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Alvaro Pacini Chief Purchasing Officer, CNH
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