CNH Industrial Takes Minority Stake in EarthOptics
01/24/2023 - 04:45 PM
NORTHAMPTON, MA / ACCESSWIRE / January 24, 2023 / CNH Industrial (NYSE:CNHI)
CNH Industrial announces a minority investment in the US-based ag tech company EarthOptics through its Ventures arm.
EarthOptics' proprietary sensor technology precisely measures the health and structure of soil through a combination of ground-based sensors, satellites, physical soil samples, machine learning models and agronomic expertise. By providing such a wide range of soil data, this technology enables farmers to better manage their land and enhance its value. Insights can help them drive multiple improvements from increasing crop yield to reducing fertilizer application, and assessing their farm's carbon impact, to name a few key areas.
This funding - part of EarthOptics' Series B investment round - will help to further build out their sensor suite's hyper-accuracy capabilities to boost acreage growth and bring greater savings. It will also allow the company to scale cooperation with service providers (agronomists, crop consultants and trusted third party advisors) for data insights.
CNH Industrial will begin a pilot testing phase of EarthOptics' soil sensing technology through our Case IH brand in 2023. Commercial plans will be the subject of future announcements. The goal of this technology is to accelerate our work in tillage automation and provide greater agronomic insights for customers.
This is the latest demonstration of our work to continuously provide the world's farmers with solutions that add value to, and increase the sustainability of, their operations.
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SOURCE: CNH Industrial
https://www.accesswire.com/736608/CNH-Industrial-Takes-Minority-Stake-in-EarthOptics
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CNHI Stock Data
Industry
Construction Machinery Manufacturing
Sector
Manufacturing
Tags
Producer Manufacturing, Trucks/Construction/Farm Machinery, Manufacturing, Construction Machinery Manufacturing
Country
UK
City
London
About CNHI
cnh industrial 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 group 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 helieuz 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 for more information about careers at cnh industrial, please visit cnh industrial section on linkedin or careers section on the www.cnhindustrial.com website.
