CNH Industrial has announced plans to buy Hemisphere GNSS, which will boost its machine navigation and control
Hemisphere GNSS manufactures satellite heading and positioning technology for the construction, mining, agriculture and marine industries and will be combined with CNH Industrial’s Raven brand to enhance its precision and navigation capabilities.
“This move enhances our automation and autonomy tech stack and broadens our talent pool,” CNH Industrial chief digital and information officer Marc Kermisch says.
“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.”
Hemisphere’s core technology capabilities include application-specific integrated circuit chips, circuit boards, radio frequency signal processing, navigation algorithms and satellite-based correction designs. It will continue to operate as a standalone business via offices in North America and Brendale, north Brisbane.
“Our team is excited to combine resources and talent with CNH Industrial,” Hemisphere GNSS president and CEO Farlin Halsey says.
“This enables us to further enhance our technology and product development in core GNSS, agriculture, construction, marine and machine control markets, and to directly integrate our technology with CNH Industrial’s world class equipment.”
Consideration for the acquisition is preliminarily determined at $175 million and is expected close within the third quarter of 2023.