CNH Industrial has completed its purchase of the global satellite navigation technology company Hemisphere GNSS (Hemisphere) for a total consideration of USD $175 million.
According to the company, the acquisition solidifies CNH’s in-house precision, automation and autonomy technology, enabling CNH to continue breaking new ground for the agriculture and construction industries. It furthers CNH's vertical integration efforts to deliver cutting-edge core technologies to customers’ fleets for top performance, combined with a seamless user experience.
With Hemisphere’s expertise and network, CNH aims to 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.
