CNH Industrial N.V. has completed its acquisition of Raven Industries Inc. The acquisition builds upon a long partnership and is an important milestone in CNH Industrial's digital transformation, the company says.
“Raven is a true pioneer in the precision agriculture space, and their technology is a perfect strategic fit that will differentiate us from our peers and significantly improve our competitive position,” says Scott Wine, CEO, CNH Industrial. “This acquisition will add strong innovation capabilities to accelerate our precision and digital strategy. I would like to commend both the Raven and CNH Industrial teams who are collaborating closely on a seamless transition to make this truly transformative deal progress smoothly.”
CNH Industrial says the first in-house products featuring fully integrated Raven precision agriculture systems will become available in 2022.
Headquartered in Sioux Falls, S.D., Raven was founded more than 65 years ago and has created a leadership position in precision agriculture, high-performance specialty films, and aerospace and defense solutions.