Benzinga | Dec 2, 2021 09:11AM EST

CNH Industrial Acquires Software Engineering Specialist NX9 For Undisclosed Sum

* CNH Industrial NV (NYSE:CNHI) has acquired NX9, a software suite specialized in delivering ISOBUS core technologies and applications for agricultural equipment and related intellectual property rights. Financial terms were not disclosed.

* The investment continues to advance the company's ISOBUS capabilities for core agriculture products.

* "ISOBUS is a plug and play solution for our customers, and that ease of operation is crucial to our digital agricultural business offering," said Parag Garg, Chief Digital Officer at CNH Industrial.

* CNH Industrial held cash and cash equivalent of $7.15 billion as of September 30, 2021.

* Price Action: CNHI shares are trading higher by 1.15% at $16.72 during the premarket session on Thursday.