Printer Friendly
Email to a Friend
Hemisphere GPS Sells Non-Ag Assets
(KNZA )-Hiawatha-based Hemisphere GPS has sold its non-agricultural business assets.
The Canadian subsidiary of Beijing UniStrong Science and Technology Company has purchased the assets for nearly $15 million.
UniStrong markets to China, and products sold to the subsidiary include marine, land survey, construction, mapping and original equipment manufacturer segments.
In a news release, the company also announced it plans to changes its corporate name to AgJunction Inc. subject to approval of shareholders at their 2012 annual meeting in May.
Hemisphere GPS president and CEO Rick Heiniger said the decision to divest their non-agriculture operations reflects their focus on the core platforms necessary to extend their leadership in precision agriculture.
Heiniger said the result is a streamlined business, which can more effectively market opportunities in agriculture.
© Many Signals Communications
|
MOST VIEWED STORIES
Cold case investigation leads to Holton warrant
Horton City Clerk's resignation accepted Monday
Effingham owner regains truck following theft, arrest
Former Kickapoo Tribal chairman arrested
Local residents avoid injury in chain reaction crash
Winchester native named as Amberwell CEO
Holton property search concludes with arrest
Mayetta pair arrested on meth, child endangerment charges
Stolen trailer, 4-wheeler, recovered in Atchison
Juveniles face charges following Atchison break-in
Atchison Co's Oswald named honorary bailiff for KS Court
Rural Horton man charged in alleged beating
Two arrested following Friday Jackson Co traffic stop
McLouth man injured in Monday wreck
No injuries in early Sunday morning house fire in Falls City
KS prepares for severe weekend weather
Senator Slama on tax relief efforts
Commission approves agreement for budget help
LATEST STORIES
KS prepares for severe weekend weather
Richardson County Board approves pay raise for dispatchers
NPPD urges farmers to be safe around power lines
Arbor Day proclaimed in Atchison
Former AG Schmidt running for KS' 2nd Congressional District
Doniphan Co Commission approves overlay projects
Rural Horton man charged in alleged beating
Holton property search concludes with arrest
Hiawatha, Ks 66434