CNH Industrial to acquire Hemisphere GNSS for $175M in cash

CNH Industrial N.V.

Acquisition of Hemisphere GNSS, a satellite positioning technology leader, for $175M cash, free of debt.
Funding from available cash on hand; closing expected in Q3 2023.
Deal subject to Unistrong shareholders' approval and Chinese regulatory approvals.
Hemisphere will operate as standalone business; technology to be integrated into CNH's precision ag and construction portfolio.
Acquisition advances CNH's automation and autonomy tech stack, complementing Raven Brand capabilities.

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