AGXTEND announces the acquisition of a minority stake in Geoprospectors GmbH
December 13 2019 - 8:00AM
London, December 13, 2019
AGXTEND, CNH Industrial N.V.’s (NYSE: CNHI / MI:
CNHI) accelerator for tech startups, announced today that it has
acquired a minority stake in Geoprospectors GmbH, a leading
supplier of soil sensing equipment for precision agriculture and
subsurface engineering.
With this acquisition, CNH Industrial is further
solidifying its commitment to AGXTEND’s product line up and
distribution network through a stronger presence in soil sensing
technology, as well as enhanced synergies facilitating the launch
of disruptive new products.
The solutions provided by Geoprospectors will
enable AGXTEND to offer a range of geophysical technologies and
services for farmers, to obtain valuable data regarding soil
resources. The resulting data can be analyzed using Farm Management
Information Systems (FMIS) as well as being utilized to automate
in-field processes in real time.
Geoprospectors, headquartered in Traiskirchen,
Austria, was founded in 2014 and joined the AGXTEND platform in
January 2019, providing its SoilXplorer sensor and the ISOBUS
DepthXcontrol kit.
AGXTEND continues its open and innovative
approach by bringing the latest precision technology to farmers,
enabling them to access new technologies helping improve their
productivity, efficiency and sustainability.
CNH Industrial
N.V. (NYSE: CNHI /MI: CNHI) is a global leader in
the capital goods sector with established industrial experience, a
wide range of products and a worldwide presence. Each of the
individual brands belonging to the Company is a major international
force in its specific industrial sector: Case IH, New Holland
Agriculture and Steyr for tractors and agricultural machinery; Case
and New Holland Construction for earth moving equipment; Iveco for
commercial vehicles; Iveco Bus and Heuliez Bus for buses and
coaches; Iveco Astra for quarry and construction vehicles; Magirus
for firefighting vehicles; Iveco Defence Vehicles for defence and
civil protection; and FPT Industrial for engines and transmissions.
More information can be found on the corporate website:
www.cnhindustrial.com
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Media
contacts:
Laura Overall Corporate Communications
ManagerCNH Industrial Tel. +44 (0)2077 660
338
E-mail: mediarelations@cnhind.com
- 20191213_PR_CNH_Industrial_Geoprospectors
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