CNH to acquire Hemisphere GNSS from China’s UniStrong

Chad Elmore Managing Editor, Power Progress

30 March 2023

Move brings core satellite navigation technology in-house

CNH Industrial has entered into an agreement to purchase Hemisphere GNSS, a supplier of satellite positioning technology, from China’s Beijing UniStrong Science & Technology Co., Ltd. Consideration for the acquisition is preliminarily determined at $175 million, free of cash and debt, and subject to customary adjustments. It will reportedly be…

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