CNH Finalizes Acquisition of Global Satellite Navigation Technology Company Hemisphere GNSS

This acquisition solidifies CNH’s in-house precision, automation and autonomy technology, enabling it to continue “breaking new ground” for the agriculture and construction industries, the company said.

Michael Roth

Oct. 13, 2023

2 min read

CNH Industrial has completed its purchase of the global satellite navigation technology leader Hemisphere GNSS for $175 million – as announced on March 30, 2023. This acquisition solidifies CNH’s in-house precision, automation and autonomy technology, enabling it to continue “breaking new ground” for the agriculture and construction industries, the company said.

CNH said in a statement that the acquisition furthers its vertical integration efforts to deliver cutting-edge core technologies to its customers’ fleets for top performance. With Hemisphere’s expertise and network, CNH said it is accelerating its strategic plan to attain leadership in automation technology, expediting 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, 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. CNH is devoted to customer-inspired innovation. We are making farming and building easier, more productive, and more sustainable by giving our customers smart machinery that helps them make informed decisions.”

For more information, visit www.cnhindustrial.com.

About the Author

Michael Roth

Editor

Michael Roth has covered the equipment rental industry full time for RER since 1989 and has served as the magazine’s editor in chief since 1994. He has nearly 30 years experience as a professional journalist. Roth has visited hundreds of rental centers and industry manufacturers, written hundreds of feature stories for RER and thousands of news stories for the magazine and its electronic newsletter RER Reports. Roth has interviewed leading executives for most of the industry’s largest rental companies and manufacturers as well as hundreds of smaller independent companies. He has visited with and reported on rental companies and manufacturers in Europe, Central America and Asia as well as Mexico, Canada and the United States. Roth was co-founder of RER Reports, the industry’s first weekly newsletter, which began as a fax newsletter in 1996, and later became an online newsletter. Roth has spoken at conventions sponsored by the American Rental Association, Associated Equipment Distributors, California Rental Association and other industry events and has spoken before industry groups in several countries. He lives and works in Los Angeles when he’s not traveling to cover industry events.