# CNH Industrial to acquire Raven Industries for $2.1 billion

CNH Industrial has entered into an agreement to acquire 100% of Raven Industries for $58 per share, representing a $2.1 billion enterprise value. The acquisition enhances CNH Industrial's precision agriculture capabilities and is expected to close in Q4 2021.

- Type: Acquisition
- Announced: 2021-06-21
- Where: Sioux Falls, South Dakota, United States
- Value: $2.10B
- Status: announced
- Products: precision agriculture technology, autonomous farming systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [CNH Industrial](https://endata.com/companies/21837.md) (acquirer)
- [Raven Industries](https://endata.com/companies/34687.md) (target)

## Sources

- [investors.cnh.com](https://investors.cnh.com/news/news-details/2021/CNH-Industrial-to-acquire-Raven-Industries-enhancing-precision-agriculture-capabilities-and-scale-06-21-2021/default.aspx), 2021-06-21: "Precision agriculture and autonomy are critical components of our strategy to help our agricultural customers reach the next level of productivity and to unlock the true potential of their operations."
- [globalagtechinitiative.com](https://www.globalagtechinitiative.com/market-watch/cnh-industrial-to-acquire-raven-industries/), 2021-06-21: "Precision agriculture and autonomy are critical components of our strategy to help our agricultural customers reach the next level of productivity."
- [dtnpf.com](https://www.dtnpf.com/agriculture/web/ag/news/article/2021/06/22/cnh-dramatically-expands-tech-raven), 2021-06-22: "What we are buying is a tech hub in Sioux Falls, South Dakota, that significantly enhances our capabilities to provide precision autonomy across the product suite of CNH Industrial products."
- [agri-pulse.com](https://www.agri-pulse.com/articles/16070-cnh-industrial-to-acquire-raven-industries-in-21b-deal), 2021-06-23: "This acquisition emphasizes our commitment to enhance our precision farming portfolio and aligns with our digital transformation strategy."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.