CNH Industrial to acquire Hemisphere GNSS for $175m.

CNH Industrial, an agricultural machinery company, agreed to acquire Hemisphere GNSS, a high-performance satellite positioning company, for $175m. “This move enhances our automation and autonomy tech stack and broadens our talent pool. Having Hemisphere’s technology in-house will enable us to accelerate a broad range of our precision technology programs, providing our customers with immediate productivity-enhancing solutions. It will also increase the long-term competitiveness and flexibility of our agriculture and construction portfolio,” Marc Kermisch, CNH Industrial Chief Digital & Information Officer.