CNH Industrial has completed its purchase of the global satellite navigation technology company Hemisphere GNSS for a total consideration of USD $175 million.

The acquisition is said to strengthen CNH’s capabilities in precision, automation, and autonomy technology.

With Hemisphere’s expertise and network, CNH says that it can accelerate its strategic plan to develop its automation technology, expedite the delivery of a fully autonomous farming cycle, and extend and enhance automation and autonomy across a broad range of construction applications.