M&A Deal Summary

CNH Industrial Acquires Raven

On June 21, 2021, CNH Industrial acquired manufacturer Raven for 2.1B USD

Acquisition Highlights
  • This is CNH Industrial’s 2nd transaction in the Manufacturing sector.
  • This is CNH Industrial’s largest (disclosed) transaction.
  • This is CNH Industrial’s 3rd transaction in the United States.
  • This is CNH Industrial’s 1st transaction in South Dakota.

M&A Deal Summary
Date 2021-06-21
Target Raven
Sector Manufacturing
Buyer(s) CNH Industrial
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) J.P. Morgan Securities (Financial)
Davis Polk & Wardwell (Legal)

Target

Raven

Sioux Falls, South Dakota, United States
Raven Industries is a designer and manufacturer of flexible films and sheeting. Raven is a provider of highly engineered polymer films and sheeting for agriculture, construction, geomembrane, and industrial applications. Raven was founded in 1956 and is based in Sioux Falls, South Dakota.

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Buyer(S) 1

Buyer

CNH Industrial

London, United Kingdom
Category Company
Founded 1842
Sector Machinery
Employees40,220
Revenue 24.7B USD (2023)
DESCRIPTION

CNH Industrial is a diversified Italian-American manufacturer of machinery and equipment. CNH designs, produces, and sells agricultural equipment and construction equipment (Case and New Holland brand families), trucks, commercial vehicles, buses, and special vehicles (Iveco), in addition to powertrains for industrial and marine applications (FPT Industrial). CNH Industrial was founded in 1842 and is based in Basildon, England.

DEAL STATS #
Overall 4 of 5
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (South Dakota) 1 of 1
Country (United States) 3 of 4
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Kongskilde Industries A/S - Grass and Soil Activities

Soroe, Denmark

Kongskilde Industries A/S - Grass and Soil Activities develops, manufactures and sells solutions for agricultural applications in the Tillage, Seeding and Hay & Forage segments under various brands, including Kongskilde, Överum and JF.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 NX9

United States

NX9 is a software suite specialized in delivering ISOBUS core technologies and applications for agricultural equipment and related intellectual property rights. NX9 is based in the United States.

Buy -
Mergr

Product

Company

Legal