CNH completes purchase of Hemisphere GNSS for Rs 1,457 crore
The company consolidates guidance and connectivity tech capabilities.
CNH Industrial has completed its purchase of the global satellite navigation
technology firm Hemisphere GNSS (Hemisphere) for a total consideration of $175 million – as announced on March 30, 2023.
This acquisition solidifies CNH’s in-house precision, automation and autonomy
technology, and furthers the company's vertical integration efforts to deliver
cutting-edge core technologies to our customers’ fleets.
“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.
The event served as a platform for more than 50 EV component manufacturers across various vehicle segments.
The company inaugurated two state-of-the-art unit and aims to employ over 250 skilled personnel.
The ACMA EV Expo 2024 featured over 100 EV component manufacturers catering to all vehicle segments.