Friday, 13 August 2021 08:55

CNH scoops up Raven

Written by  Mark Daniel
Raven is well known for providing field computers, steering, guidance and height control products. Raven is well known for providing field computers, steering, guidance and height control products.

Case New Holland Industrial (CNHI) – parent company of the New Holland, Case IH and Steyr brands – has announced it is to buy out Raven Industries in the US.

The deal said to be worth $2.1 billion, with projected annual earnings by the new subsidiary of €400 million by 2025.

Besides agricultural technology – the key driver for the CNHI acquisition – Raven also operates in the polymer film engineering sector, delivering waterproof membranes and liners for construction and agriculture. It also manufactures lighter-than-air platforms such as weather balloons. The latter might give a hint towards CNHI’s plans, with the increasing importance of aerial imagery coming to the forefront in the crop management sector.

Within the agricultural sector, Raven is well known, particularly in North America and Europe, for providing field computers, steering, guidance and height control products. It also produces flow control valves for directing chemical injection into sprayer lines, as an alternative to the more traditional method of relying on pre-prepared tank mixes.

Raven is also well established within the autonomous guidance sector with its ‘OMNiDRIVE’ and ‘OMNiPOWER’ products.

The former replaces the driver in a conventional tractor – making it suitable, according to Raven, for applications like calling up chaser bins to unload combine harvesters, before taking the load back to a predetermined parking area.

OMNiPOWER takes the form of a robot, without the need for an operator. It is described by the company as “a self-propelled power platform that can accept a range of implements like sprayers or spreaders, allowing it to perform multiple tasks during the farming seasons”.

Meanwhile, the deal will require regulatory approval before it is completed, with finalisation expected by the year end.

More like this

Featured

Farmstrong marks 10 years of rural support

Nationwide rural wellbeing programme, Farmstrong recently celebrated its tenth birthday at Fieldays with an event attended by ambassador Sam Whitelock, Farmers Mutual Group (FMG), Farmstrong partners, and government Ministers.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

The Hound

Don't hold back!

OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding…

Sorry, not sorry

OPINION: Did former PM Jacinda Ardern get fawning reviews for her book?

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter