On March 30, 2023, CNH Industrial entered into an agreement to purchase Hemisphere GNSS for $175 million from Beijing UniStrong Science & Technology Co., Ltd. This acquisition will allow for CNH Industrial to improve their automation in both its agriculture and construction businesses. Hemisphere GNSS will provide the use of application-specific integrated circuit chips, circuit boards, radio frequency signal processing, navigation algorithms and satellite-based correction designs, which in turn will result in technical advancement.
CNH Industrial is a world-class equipment and services company that focuses on sustainable advancement in design and manufacturing in the agriculture and construction industries. CNH Industrial’s parent company, CNH Industrial NV, is listed on the New York Stock Exchange and on the Borsa Italiana.
Hemisphere GNSS is a designer of satellite navigation systems.
Beijing UniStrong Science & Technology Co., Ltd., based in China focuses on research, development, and manufacturing of satellite navigation products.
Osler, Hoskin & Harcourt LLP advised CNH Industrial with a team consisting of Doug Marshall, Kai Sheffield, Alex Alacchi (Corporate), Pat Marley, Taylor Cao and Clemence Chu (Tax), Shuli Rodal and Reba Nauth (Competition & Foreign Investment), Joanna Fine, Adam Laroche and Gemma Devir (Privacy), Jon Marin and Jonny Wypych (Pension & Benefits), Jennifer Fairfax (Environmental), Damian Rigolo (Employment & Labour), and Alan Kenigsberg and Chelsea Rubin (International Trade and Sanctions).