CNH has closed the deal for its purchase of Hemisphere GNSS, a move that consolidates its capabilities for machine guidance and connectivity technology. This development strengthens CNH’s position as a leading technology provider for construction.
CNH Industrial purchased the global satellite navigation technology firm Hemisphere GNSS (Hemisphere) for a total consideration of US$175 million.
This acquisition solidifies CNH’s in-house precision, automation and autonomy technology, enabling us to continue Breaking New Ground for the construction industry. It furthers CNH’s vertical integration efforts to deliver cutting-edge core technology to customer fleets.
With Hemisphere’s expertise and network, CNH says it is accelerating its strategic plan to attain leadership in automation technology and extend and enhance automation and autonomy across a broad range of 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.
