CNH purchases Hemisphere GNSS
CNH Industrial has completed its purchase of a global satellite navigation technology company, Hemisphere GNSS (Hemisphere), for a total consideration of USD $175 million.
With Hemisphere’s expertise and network, CNH Industrial is accelerating its strategic plan to improve 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,” said Marc Kermisch, chief digital and information officer at CNH.
For more information visit cnhindustrial.com.