CNH Industrial has completed its purchase of the global satellite navigation technology leader Hemisphere GNSS for a total consideration of USD $175 million – as announced on March 30, 2023.
This acquisition solidifies CNH’s in-house precision, automation and autonomy technology, enabling the company to continue breaking new ground for the agriculture and construction industries. It also furthers the company’s vertical integration efforts to deliver cutting-edge core technologies to its customers’ fleets for top performance, combined with a smooth and seamless user experience.
With Hemisphere’s expertise and network, CNH is accelerating its strategic plan to attain leadership in automation technology, expedite delivery of a fully autonomous farming cycle, and extend and enhance automation and autonomy across a broad range of agriculture and construction applications.
“Bringing Hemisphere’s talent and resources into CNH reflects the energy and momentum of our investments in tech innovation,” said Marc Kermisch, chief digital and information officer at CNH. “From 2024 onwards, we will bring notable value to customers through significant advancements in our journey from automating certain tasks to fully autonomous operation.”
Read the SEPTEMBER/OCTOBER 2023 issue of New AG International, free to view here.