As part of Raven Autonomy, the company plans to deliver autonomous solutions for agriculture for both OEM partners and ag retailers.
Raven Industries, Inc., Sioux Falls, S.D.,acquired Smart Ag Inc., Ames, Iowa. This acquisition is part of Raven Autonomy, the company’s strategic growth platform to become an industry leader in autonomous agriculture solutions. Complementing the company’s applied technology division, this acquisition will be integrated into the company’s applied technology division business and technology portfolio with the intent to create autonomous solutions for the precision ag market.
“The acquisition of Smart Ag is part of a bold, company-wide strategy for Raven,” says Dan Rykhus, president and CEO of Raven Industries. “It is a key investment in Raven Autonomy, one of our two strategic growth platforms. Autonomy in agriculture is the future of farming, and this acquisition, coupled with our existing precision agriculture solutions, solidifies our position as a technology leader within this market.”