Raven Industries announced today that it has completed the acquisition of majority ownership of DOT Technology Corp., a manufacturer of autonomous agriculture solutions.
Raven Industries (NASDAQ:RAVN) isn’t wasting any time in getting its recently announced strategic plan to invest in autonomous farming technology off the ground. The company announced that is has acquired Smart Ag Inc., a technology company that develops autonomous farming solutions for agriculture.
Dot Technology Corp (DOTTM) announced that it has entered into an agreement wherein Raven Industries (NASDAQ:RAVN) — a manufacturer of agriculture technology with a focus on autonomous farming — will acquire majority ownership of Dot. Funds will be used to support the continued commercialization and evolution of the Dot Power Platform and Dot Ready Implements.
Raven Industries Inc. has announced details of its strategic plan, which include a significantly increased level of investment in targeted areas in order to drive greater earnings growth and long term value. Over the next several years, the company will advance two strategic platforms for growth: Raven Autonomy and Raven Composites.
This collaboration aligns analytics with data sets that provide a single point for growers to visualize, analyze and make all farm management decisions.
Raven Industries announced today that it is awarding South Dakota State University (SDSU) with a historic gift of $5 million for the establishment of its Precision Agriculture Facility within the College of Agriculture and Biological Sciences on its main campus in Brookings, S.D.
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