CNH Industrial, a global leader in agricultural and construction equipment, has finalized its acquisition of Hemisphere GNSS, a renowned satellite navigation technology company. The deal, valued at $175 million, was completed on March 30, 2023, and solidifies CNH’s position as a pioneer in precision, automation, and autonomy technology.
This strategic move by CNH demonstrates its commitment to breaking new ground in the agriculture and construction industries. By integrating Hemisphere’s expertise and network, CNH aims to accelerate its strategic plan to become a leader in automation technology. The acquisition will enable CNH to expedite the development of a fully autonomous farming cycle and extend automation and autonomy across a wide range of applications in both agriculture and construction.
Marc Kermisch, Chief Digital & Information Officer at CNH, expressed his excitement about the acquisition, stating, “Bringing Hemisphere’s talent and resources into CNH reflects the energy and momentum of our investments in tech innovation.” He further emphasized that starting from 2024, CNH will deliver significant advancements in their journey towards fully autonomous operation, bringing notable value to their customers.
By integrating Hemisphere’s advanced satellite navigation technology, CNH will enhance its in-house capabilities and deliver cutting-edge core technologies to its customers’ fleets. This vertical integration approach will enable CNH to provide its customers with state-of-the-art solutions that improve efficiency, productivity, and sustainability.
The acquisition of Hemisphere GNSS also highlights CNH’s commitment to staying at the forefront of technological advancements in the agriculture and construction sectors. With the global population expected to reach 9.7 billion by 2050, the demand for food and infrastructure will continue to grow. CNH recognizes the importance of leveraging technology to meet these increasing demands while minimizing environmental impact.
The integration of Hemisphere’s technology will enable CNH to offer advanced features such as autonomous navigation, precise positioning, and real-time data analysis. These capabilities will revolutionize farming practices by enabling farmers to optimize their operations, reduce input costs, and increase yields. In the construction industry, the enhanced automation and autonomy will lead to improved safety, efficiency, and accuracy in various applications.
CNH’s acquisition of Hemisphere GNSS not only strengthens its position as an industry leader but also reinforces its commitment to innovation and customer satisfaction. By investing in cutting-edge technologies, CNH aims to provide its customers with the tools they need to thrive in an ever-changing and competitive market.
As CNH continues to push the boundaries of automation and autonomy, the acquisition of Hemisphere GNSS marks a significant milestone in its journey. With the combined expertise and resources of both companies, CNH is well-positioned to shape the future of agriculture and construction, delivering groundbreaking solutions that will drive productivity, sustainability, and profitability for its customers around the world.