CNH Industrial completes purchase of global satellite navigation company

Agricultural and construction equipment company CNH Industrial has completed its purchase of global satellite navigation technology leader Hemisphere GNSS in a deal valued at $175 million.

The acquisition solidifies CNH’s in-house precision, automation and autonomy technology, according to a news release.

“Bringing Hemisphere’s talent and resources into CNH reflects the energy and

momentum of our investments in tech innovation,” Marc Kermisch, CNH chief digital and information officer, said in a news release. “From 2024 onwards, we will bring notable value to customers through significant advancements in our journey from automating certain tasks to fully autonomous operation.”

CNH Industrial is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom. Its brands include Case IH, New Holland Agriculture, New Holland Construction and CASE Construction Equipment.