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279426

AgSync to be Acquired by Raven Industries

South Dakota-based Raven Industries has agreed to purchase AgSync, Inc., an ag logistics software company located in Wakarusa, Indiana. The technology, which will be a part of Raven’s Applied Technology division, will enhance Raven's Slingshot platform by delivering a seamless logistics solution for ag retailers, custom applicators, and enterprise farms. 

“As part of Raven’s continued commitment to ag retailers and commercial applicators, this acquisition will be a significant springboard into further advancements for, and the expansion of, the Slingshot ecosystem,” says Brian Meyer, vice president and general manager of Raven Applied Technology. “By combining our strengths, Slingshot will be the most complete logistics solution on the market, providing seamless data workflow and a fully connected cab.”

Established in 2008, AgSync solutions have helped ag retailers, aerial applicators, forestry, seed companies, and enterprise customers overcome challenges related to managing large fleets, multiple locations, limited personnel, and disconnected software systems. Partners for a number of years, the acquisition will further integrate AgSync’s capabilities into the Slingshot platform and into the cabs of various application equipment.

“This acquisition will provide our customers with significant benefits, especially during the most critical times of the year for ag retailers and custom applicators,” comments Paul Welbig, director of Slingshot  services and logistics for Raven Applied Technology. “The combined solution will improve the bottom line of our customers by enabling them to organize work tasks more effectively, improve fleet efficiency, reduce errors, and streamline documentation — all via a completely connected solution.”

The cash deal is expected to close on January 1, 2019. To learn more, visit ravenind.com or agsync.com.

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