Digger maker Kobelco swoops for control of rival Case

Japanese plant giant Kobelco has struck a deal to take control of Case Construction as owner CNH switches its focus to farming machinery.
Kobelco will pay around £524m for a 70% stake in CNH’s construction equipment business, which also includes New Holland Construction and Eurocomach.
The deal values the division at around £749m, with CNH keeping a 30% stake in the new joint venture.The tie-up brings CNH’s loaders, dozers, graders and backhoes together with Kobelco’s tracked excavator a