Hemisphere's purchase demanded U$ 175 million in investment
By Redação AutoIndústria |10/16/23 | Translated by Jorge Meditsch
Hemisphere, a satellite navigation company, now belongs to CNH Industrial. The US$ 175 million deal happened last week, consolidating the company’s strategy to be a reference in innovative solutions for agriculture and construction.
“To bring Hemisphere’s talent and resources into CNH reflects the energy and the impetus of our investments in technological innovation. From 2024, we will aggregate a noticeable value to our customers through significant advances, from the automation of specific tasks to totally autonomous operation”, said Marc Kermisch, the company’s digital and information director.
With the purchase, CNH is accelerating its strategic plan to achieve the lead in automation technology, speed up the delivery of a fully autonomous agricultural cycle, and expand and improve automation and autonomy in a wide range of agriculture and construction applications.
The purchase was announced at the end of March, when CNH announced the intention to strengthen the offer of spearhead technology to its customers’ fleets” “to enable them to obtain always the best performance”.
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