# CNH Industrial to buy Hemisphere GNSS for $175 million

CNH Industrial has agreed to acquire Hemisphere GNSS, a high-performance satellite positioning technology company, from Beijing Unistrong for $175 million in cash. The acquisition aims to improve automation in CNH's agriculture and construction equipment businesses.

- Type: Acquisition
- Announced: 2023-03-30
- Value: $175.0M
- Status: announced
- Products: satellite positioning technology, automation systems
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CNH Industrial](https://endata.com/companies/21837.md) (acquirer)
- [Hemisphere GNSS](https://endata.com/companies/69423.md) (target)
- [Beijing Unistrong](https://endata.com/companies/69424.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/cnh-industrial-agrees-buy-hemisphere-gnss-175-mln-2023-03-30/), 2023-03-30: "CNH Industrial said on Thursday that it had agreed to buy Hemisphere GNSS, a high-performance satellite positioning technology company, for $175 million to improve automation in its agriculture and construction businesses."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.