CNH Industrial has completed its purchase of global satellite navigation technology firm Hemisphere GNSS. The equipment and services company says the acquisition solidifies its in-house precision, automation and autonomy technology it offers to customers in the agriculture and construction industries.
With Hemisphere’s expertise and network, CNH says it is accelerating its strategic plan to attain leadership in automation technology, and to 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 at 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.”
The purchase had a total consideration value of US$175 million. CNH Industrial is the parent company of CASE and New Holland Construction Equipment, as well as several other international and regional brands in the agriculture and construction sectors.