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Hemisphere GNSS, Inc. announces the signing of a definitive agreement to purchase all of the assets of the Outback Guidance (Outback) business from AgJunction, Inc. along with a new technology licensing agreement. This acquisition aligns well with Hemisphere’s continued push into the global agriculture market. In addition to the included IP licenses for business into the dealer channel, a second license was signed to allow agriculture steering solutions sales into OEM, VAR, and all other segments of the agriculture supply chain. 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 related technology have been executed. Also included are two product development, sales, and support facilities, including personnel, located in Hiawatha, KS, USA and Winnipeg, MB, Canada. The addition of Outback Guidance represents Hemisphere’s continued effort to make significant investments to expand its presence in the global agricultural market. www.HGNSS.com
