Hemisphere to Buy Outback from AgJunction

Hemisphere GNSS, Inc. has signed an agreement to purchase all of the assets of the Outback Guidance (Outback) business from AgJunction, Inc., as well as a new technology licensing agreement.

“The decision to acquire the Outback Guidance business will significantly accelerate Hemisphere’s expansion into the global agriculture market and allow stronger integration between Hemisphere’s core competency GNSS and Outback’s highly refined steering solutions,” said Farlin Halsey, president and CEO of Hemisphere GNSS. “We are very pleased to be bringing on board additional seasoned personnel with strong agriculture domain experience, a strong product line with deeply embedded agricultural technology and a well-accepted, reputable brand in Outback.”

As a result of these agreements, Hemisphere will assume ownership of the Outback Guidance assets, including channel, infrastructure and trademarks. Additionally, licenses to intellectual property and technology have been executed. Also included are two product development, sales, and support facilities, including personnel, located in Hiawatha, Kansas, and Winnipeg, Manitoba, Canada.