CNH Industrial has completed the purchase of global satellite navigation technology company Hemisphere GNSS for $175 million, expanding its capability in the area of precision measurement.
Adding Hemisphere's expertise means that CNH has more opportunity in-house to develop and deploy precision, automation, and autonomy technology for both the construction and agriculture industries. The acquisition furthers CNH efforts to vertically integrate and deliver cutting-edge core technology to customer fleets, improving performance combined with a smooth and seamless user experience.
CNH states that it will now accelerate 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 applications.
"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," said Marc Kermisch, Chief Digital & Information Officer at CNH.
