New Delhi: CNH Industrial has completed its purchase of the global satellite navigation technology leader Hemisphere GNSS (Hemisphere) for a total consideration of USD 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. It furthers its vertical integration efforts to deliver cutting-edge core technologies to the customers’ fleets for top performance, combined with a smooth and seamless user experience, the company said.
With Hemisphere’s expertise and network, CNH said it can 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 agriculture and construction 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,” Marc Kermisch, Chief Digital & Information Officer at CNH, said.
CNH is devoted to customer-inspired innovation. “We are making farming and construction easier, more productive, and more sustainable by giving our customers smart machinery that helps them make informed decisions,” he added.
