CNH Industrial has successfully concluded its acquisition of Hemisphere GNSS, a globally recognized leader in satellite navigation technology. This strategic purchase, valued at US$175 million and initially disclosed on 30 March 2023, underscores CNH's commitment to enhancing its technological presence in the agriculture and construction sectors.
The acquisition solidifies CNH's in-house capabilities in precision, automation and autonomy technology, further cementing its position as a prominent technology provider in the agriculture and construction industries. This move underscores CNH's dedication to delivering advanced core technologies to its clients' fleets, ensuring optimal performance and a seamless user experience.
Leveraging Hemisphere's significant expertise and extensive network, CNH is expediting its strategic goals to achieve a leadership role in automation technology. This endeavour is designed to hasten the realization of a fully autonomous farming cycle and expand automation and autonomy across various applications within agriculture and construction.
Marc Kermisch, chief digital & information officer at CNH, emphasized: "Integrating Hemisphere's talent and resources into CNH reflects the dynamic momentum behind our ongoing investments in technological innovation. Starting in 2024, we anticipate delivering significant value to our customers, moving from task automation to fully autonomous operations."
According to CNH, the company remains steadfast in its dedication to customer-centric innovation. CNH's mission is to simplify and enhance farming and construction by providing intelligent machinery that empowers its customers to make well-informed decisions.
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