Raven Industries, Inc. agreed to acquire remaining 89.5% stake in Augmenta Agriculture Technologies P.C. on March 13, 2023. The transaction is valued at an enterprise value of $110 million. CNH Industrial held an existing 10.5% minority stake in the business prior to the transaction.

The transaction will be funded with available cash on hand. The transaction is subject to the satisfactory completion of customary closing conditions and receipt of regulatory approvals. Closing is expected to occur in the first quarter of 2023.

Olivier Jouffroy, Benjamin Cichostepski, Anne-Sophie Kerfant, Malik Idri, Julia Apostle, Nadège Owen and team of Orrick Rambaud Martel acted as due diligence providers to CNH Industrial in this acquisition.