CNH Industrial announced that it has completed its acquisition of Raven Industries, Inc., the U.S.-based company in precision agriculture technology. The first in-house products featuring fully integrated Raven precision agriculture systems will become available in 2022.
“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,” said Scott Wine, Chief Executive Officer, CNH Industrial. “This acquisition will add strong innovation capabilities to accelerate our precision and digital strategy.”
Headquartered in Sioux Falls, South Dakota, Raven was founded over 65 years ago and specialises in precision agriculture, high performance specialty films, and aerospace and defense solutions.