CNH is buying GNSS firm Hemisphere

CNH is expanding its portfolio through buying GNSS firm Hemisphere.
By MJ Woof October 13, 2023 Read time: 1 min
CNH has completed its purchase of GNSS firm Hemisphere © Wirestock|Dreamstime.com


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.
 

Finance & Funding

For more information on companies in this article

Related Content

  • Deutz announces results for 2015
    March 17, 2016
    German engine manufacturer Deutz has today announced its financial results for 2015. New orders amounted to €1.2259 billion, down by 11.1% on the prior-year figure of €1.379 billion. In the service business, new orders were up by 7.2% however, although other segments reported a decrease in new orders compared with 2014.
    Read More
  • Chinese manufacturers plan to compete globally
    June 18, 2015
    Chinese construction equipment firms have been building their operations in local markets – but are now looking to develop globally - Mike Woof writes In recent years Chinese construction equipment manufacturers have been able to capitalise on local demand in the home market. The rapid rate of expansion of transport infrastructure, fuelled by government spending, led to a massive need for construction machines. The country’s manufacturers have grown rapidly in size, investing enormously in factory capacity
    Read More
  • Topcon: A revolution in construction technology’s coming
    July 7, 2021
    The construction equipment industry is at a turning point. Topcon’s senior leaders believe that we are about to see a huge surge in the adoption of new construction technologies. The time is ripe as a new, younger and more tech-savvy generation comes to the fore. Governments could save billions, and where does the smartphone fit in?
    Read More
  • IRF deploys eLearning solutions to promote best practices
    May 4, 2020
    The International Road Federation was founded in 1948 with a mission to promote the exchange of best practices and the transfer of technologies from those who have it to those who need it. Seven decades later, this mission remains just as relevant, and at a time when many transportation professionals are unable to travel, IRF is redoubling efforts to develop eLearning programs which allow professionals to access a pool of knowledge resources without the need to travel.
    Read More

Highlighted Content