CNH Industrial N.V. (NYSE: CNHI) has acquired Raven Industries, Inc., a provider of precision agriculture technology. Raven focuses on precision agriculture technology, high performance specialty films and aerospace and defense services.
The deal is the result of a long partnership between the two firms and marks a milestone in CNH’s digital transformation. CNH is focused on delivering immediate value for its brands’ dealer partners and their customers, farmers.
“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, CEO, CNH Industrial.