CNH Industrial announces that it has entered into an agreement to purchase Hemisphere GNSS, a leader in high-performance satellite positioning technology, currently owned by Unistrong, a company incorporated in the People’s Republic of China.
The acquisition advances CNH Industrial’s automated and autonomous solutions for agriculture and construction.
“This move enhances our automation and autonomy tech stack and broadens our talent pool,” said Marc Kermisch, chief digital and information officer at CNH Industrial. “Having Hemisphere’s technology in-house will enable us to accelerate a broad range of our precision technology programs, providing our customers with immediate productivity-enhancing solutions.”
Hemisphere’s proprietary global navigation satellite system (GNSS) solutions provide pinpoint accuracy for the agriculture, construction, mining and marine industries. The company designs electronic systems and software solutions. Their core technology capabilities include application-specific integrated circuit chips, circuit boards, radio frequency signal processing, navigation algorithms and satellite-based correction designs. It will continue to operate as a standalone business via operations in the U.S., Canada and Australia.
Read the MARCH/APRIL 2023 issue of New AG International, free to view here.