CNH Industrial Takes Minority Stake in EarthOptics

NORTHAMPTON, MA / ACCESSWIRE / January 24, 2023 / CNH Industrial (NYSE:CNHI)

Foto: Accesswire

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.

View original content here.

View additional multimedia and more ESG storytelling from CNH Industrial on 3blmedia.com.

Contact Info:
Spokesperson: CNH Industrial
Website: https://www.3blmedia.com/profiles/cnh-industrial
Email: [e-mail]

SOURCE: CNH Industrial

View source version on accesswire.com:
https://www.accesswire.com/736608/CNH-Industrial-Takes-Minority-Stake- ...


The CNH Industrial Stock at the time of publication of the news with a fall of -0,02 % to 15,80EUR on Lang & Schwarz stock exchange (24. Januar 2023, 22:50 Uhr).