---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-452698"
form_type: "8-K"
ticker: "CNH"
cik: "0001567094"
company_name: "CNH Industrial N.V."
filed_at: "2026-11-09T13:02:04+00:00"
generated_at: "2026-11-09T13:05:14.529510+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# CNH to sell 70% of construction equipment business to Kobelco at $1B enterprise value for $700M cash

## Summary
- CNH receives $700M cash for 70% of the CE JV, equal to 70% of a $1B agreed enterprise value, adjusted for cash, debt and net working capital.
- CNH retains a 30% stake; each party is subject to a three-year lock-up; Humayun Chishti expected to continue as CEO of the CE JV after closing.
- Net proceeds earmarked to reduce debt; CNH says the deal makes it a pure-play agriculture company (Case IH, New Holland, STEYR, Raven) and is accretive to margins.
- Expected to close by end of 2027, subject to Hart-Scott-Rodino and other merger control/foreign investment approvals; outside date March 30, 2028 with two 90-day extensions.
- Pre-closing reorganization puts U.S. construction assets in Case Construction U.S. LLC and the rest in Case Construction UK Ltd; India construction unit sold to CE JV at closing.

## SEC filing metadata
- accession: 0001193125-26-452698
- form_type: 8-K
- ticker: CNH
- cik: 0001567094
- company_name: CNH Industrial N.V.
- filed_at: 2026-11-09T13:02:04+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1567094/000119312526452698/0001193125-26-452698-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1567094/000119312526452698/d127826d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-452698
- JSON: https://secwatch.observer/filing/0001193125-26-452698.json
- Plain text: https://secwatch.observer/filing/0001193125-26-452698.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.