CNH Industrial N.V. (NYSE: CNH)announced a definitive agreement with Kobelco Construction Machinery Co., Ltd., a wholly owned subsidiary of Kobe Steel, Ltd. (collectively, “Kobelco”), to establish a joint venture that will operate CNH’s Construction Equipment business (“CE JV”). Kobelco will be the majority owner of the CE JV. The transaction continues CNH's transformation into a leading, pure-play agriculture equipment, technology, and services company with a strengthened financial profile and gives it enhanced capacity to invest in products, precision technology, and its global dealer network.
