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.”
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