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Global satellite navigation technology leader Hemisphere GNSS has been sold for US$175m.
CNH Industrial has completed its purchase of the global satellite navigation technology leader Hemisphere GNSS (Hemisphere) for a total price of US$175 million, following on from the initial intention signalled earlier in the year.
This acquisition is said to solidify CNH’s in-house precision, automation and autonomy technology, allowing the group to continue its “Breaking New Ground” initiative for the agriculture and construction industries. It should also offer improved vertical integration efforts to deliver core technologies to customers’ fleets for top performance, combined with a smooth and seamless user experience.
With the addition of Hemisphere’s expertise and network, CNH also hopes to accelerate a 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.
Marc Kermisch, chief digital & information officer at CNH, says bringing Hemisphere’s talent and resources into CNH reflects the energy and momentum of their 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,” says Kermisch.
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