Global construction equipment giant CNH has announced that it is “unwinding” its joint ownership and equity participations with Kobelco Construction Machinery.
CNH will continue to manufacture hydraulic excavators incorporating current Kobelco technology in the US, Italy and Brazil, and will also source selected models, including short radius excavators, from Kobelco in Japan for at least the next five years and components for at least 10 years.
Moving forward, CNH will market full sized excavators featuring Kobelco technology under its New Holland brand and compact excavators under both its New Holland and Case brands.
“This change in our relationship gives CNH Construction Equipment the opportunity to build a stronger future for our customers, dealers and overall business,” said CNH head of construction equipment brands Mario Gasparri.
“This change is vital because it lets us directly manage our business in all regions around the globe, including the Asia-Pacific region, which is home to the world’s fastest-growing construction equipment markets.”