Kobe Steel, Ltd.
Notice Regarding Acquisition of Shares (Subsidiarization) in CNH Industrial N.V.’s Construction Equipment Business by Our Subsidiary
Wholly owned subsidiary Kobelco Construction Machinery Co., Ltd. will acquire a 70% interest in CNH's construction equipment business. After transferring interests to two new companies, Kobelco Construction Machinery will acquire 70% of each company's shares. Total consideration is approximately 700 million USD, related costs about 40,000 million yen, and completion is scheduled for Q3 of fiscal 2027.
Key Figures
- Acquisition price: 700 million USD (110,530 million yen equivalent)
- Acquisition-related expenses, etc.: 4,000 million yen
- Share acquisition ratio: 70% shares (for both New Company 1 and New Company 2)
AI要約
Overview of the M&A/Partnership
Kobelco Construction Machinery will acquire a 70% interest in CNH Industrial N.V.'s construction equipment business to integrate global sales and service networks, including digital solutions and the aftermarket, and strengthen its position in growth markets including North America. Through two new companies, the transaction will combine CNH's brand strength with Kobelco Construction Machinery's technological capabilities to expand the supply chain and customer touchpoints.
Outlook and Funding Method
Acquisition funds are planned to be provided via a bridge loan from lead financial institutions, with refinancing to be considered at an appropriate time. The impact on future financial results is under review, and material matters will be disclosed promptly. The company aims to enhance corporate value by expanding the aftermarket globally and strengthening solutions businesses.
Kobe Steel, Ltd.
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