Machinery Technology CNH Industrial to acquire Hemisphere GNSS, a satellite positioning company Hemisphere GNSS’s technology will work in tandem with CNH Industrial’s Raven Industries autonomous technology. By Alex Gray Alex Gray Alex joined the Successful Farming team in December 2021 as the New Products Editor. Alex has been with Dotdash Meredith since 2021, starting in the imaging department and working on magazines across the company's entire portfolio before moving to Successful Farming. Successful Farming's Editorial Guidelines Published on March 30, 2023 Close Photo: CNH Industrial CNH Industrial has announced it is acquiring Hemisphere GNSS, a satellite positioning technology company. This acquisition is intended to advance CNH Industrial's automated and autonomous solutions for agriculture and construction equipment. This technology, combined with Raven Industries' technology, will work toward developing precision and navigation technologies. Hemisphere's expertise and network will be integrated into CNH Industrial's products and services. "This move enhances our automation and autonomy tech stack and broadens our talent pool," says Marc Kermisch, chief digital and information officer at CNH Industrial. "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." READ MORE: New Puma tractors from Case IH integrate AFS Connect technology Hemisphere's Global Navigation Satellite System (GNSS) works to provide pinpoint accuracy for agriculture, construction, mining, and marine industries. Their core technologies include application-specific integrated circuit chips, circuit boards, radio frequency signal processing, navigation algorithms, and satellite-based correction. "Our team is excited to combine resources and talent with CNH Industrial," says Farlin Halsey, president and CEO at Hemisphere GNSS. "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." Hemisphere is currently owned by Unistrong, a company located in China. Consideration for the acquisition is preliminarily determined at $175 million, and closing is expected to occur in the third quarter of 2023. It will continue to operate as a standalone business via operations in the U.S., Canada, and Australia. For more information, visit CNHIndustrial.com. Was this page helpful? Thanks for your feedback! Tell us why! Other Submit