Mergers & Acquisitions

DOT tech

Raven Industries to Acquire Majority Share in Dot Technology

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.
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Stoller International Breaks Ground on New Facility

Stoller International held a ground-breaking ceremony Sept. 20 celebrating the beginning of construction for a new facility on the north edge of this Kankakee County community. The 31,500-square-foot facility will feature a showroom, offices, repair shop and parts department, as well as an onsite storage shed. Construction is slated to be completed in the spring of 2020.
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Farm Equipment Dealers Continue to Consolidate

According to published reports, ag machinery dealers are continuing the consolidation trends as John Deere dealer Bentz Equipment of Belle Fourche, S.D. has been acquired by Grossenburg Implement, and AGCO dealership group, A.C. McCartney, has bought out Merema Bros. of Fulton, Ill.
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