CNH Industrial announced it has completed its purchase of global satellite navigation technology company Hemisphere GNSS for $175 million. The acquisition was announced March 30. CNH says the acquisition solidifies its in-house precision, automation and autonomy technology, enabling the company to continue breaking new ground for 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, expedite delivery of a fully autonomous farming cyle and extend and enhance automation and autonomy across a broad range of agriculture and construction applications.
“From 2024 onward, we will bring notable value to customers through significant advancements in our journey from automating certain tasks to fully autonomous operation,” says Marc Kermisch, chief digital and information officer at CNH.