CNH Industrial completes purchase of GNSS company
13 October 2023
CNH Industrial has completed its purchase of global satellite navigation technology company Hemisphere GNSS for a total consideration of US$175 million.
The acquisition, first announced in March 2023, is said to strengthen CNH’s capabilities in precision, automation, and autonomy technology. It also furthers the company’s efforts in vertical integration to provide cutting-edge technology to customer fleets.
With Hemisphere’s expertise and network, CNH says that they are able to accelerate its strategic plan to develop its automation technology, expedite the delivery of a fully autonomous farming cycle, and extend and enhance automation and autonomy across a broad range of construction applications.
Marc Kermisch, Chief Digital & Information Officer at CNH said, “Bringing Hemisphere’s talent and resources into CNH reflects the energy and momentum of our investments in tech innovation.
“From 2024 onwards, we will bring notable value to customers through significant advancements in our journey from automating certain tasks to fully autonomous operation.”
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