Kobelco’s $1 Billion Deal for CNH Construction Equipment Could Reshape India Market
Kobelco is acquiring a majority stake in CNH Industrial’s construction-equipment business for $1 billion. The combination could strengthen its position in India’s earthmoving machinery market.
Japan’s Kobelco Construction Machinery’s $1-billion acquisition of a majority stake in Netherlands-based CNH Industrial’s construction-equipment business could create a stronger challenger in India’s earthmoving machinery market, combining Kobelco’s Sri City excavator plant with CASE’s Pithampur fa…