Raven Industries has announced it has entered into agreements to acquire the remaining equity of DOT Technology, a manufacturer of autonomous platforms.
Consolidated net sales for the fourth quarter of fiscal 2020 were $85.8 million, down 2.6% vs. the fourth quarter of fiscal 2019. The year-over-year decline was driven by Engineered Films.
Raven Industries has partnered with Razor Tracking, a SaaS and mobile application based fleet tracking and management system, to provide ag retailers and enterprise farms with an expanded fleet and asset tracking suite through the company’s Slingshot platform.
Raven Industries is reporting that net sales for the third quarter of fiscal 2020 were $100.5 million, down 4.1% vs. the third quarter of fiscal 2019. Each division experienced a modest year-over-year decline in net sales.
Raven Industries announced today that it has completed the acquisition of majority ownership of DOT Technology Corp., a manufacturer of autonomous agriculture solutions.
Immediately following the release of its 5-year plan to significantly increase its investment in autonomous ag technologies, Raven Industries acted on that strategic plan with the acquisition of 2 independent autonomous companies.
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) today 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.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.