CNH Industrial has completed
its purchase of the global satellite navigation technology leader Hemisphere
GNSS (Hemisphere) for a total consideration of USD $175 million – as announced
on March 30, 2023.
This acquisition solidifies
CNH's in-house precision, automation and autonomy technology, enabling us to
continue Breaking New Ground for the agriculture and construction industries.
It furthers our vertical integration efforts to deliver cutting-edge core
technologies to our customers' fleets for top performance, combined with a
smooth and seamless user experience.
With
Hemisphere's expertise and network, we are accelerating our
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.
"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 & Information Officer at CNH.
CNH is devoted to customer-inspired innovation. We are making farming and building easier, more productive, and more sustainable by giving our customers smart machinery that helps them make informed decisions.
