Cnh acquires 100% of the American Raven Industries

Cnh acquires 100% of the American Raven Industries
Cnh acquires 100% of the American Raven Industries

Precision agriculture

The transaction is expected to close in the last quarter of 2021. The company will finance the purchase with the liquidity currently available

June 21, 2021

CNH Industrial will acquire 100% of the shares of Raven Industries, a leader in US-based precision farming technologies, for $ 58 per share, representing a 33.6% premium over the trade-weighted average price of the last four weeks, or $ 2.1 billion of Enterprise Value.

The company will finance the purchase with the liquidity currently available. The closing of the transaction is expected in the last quarter of 2021, subject to the achievement of the closing conditions, including the approval of Raven’s shareholders and the approval of the competent authorities.

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“Precision and autonomous agriculture are key elements in our strategy to support our agricultural customers in achieving ever greater productivity and unlocking the true potential of their businesses. This acquisition is in line with our digital transformation strategy ”, comments Scott Wine, CEO of CNH Industrial.

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Cnh acquires American Raven Industries

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