Content ID

299586

Raven acquires remaining equity of DOT technology

Raven Industries, Inc. has agreed to acquire the remaining equity of DOT Technology Corp. (DOT). Based in Canada, DOT has developed an autonomous power unit that can be paired with a wide range of implements key to ag production and offers a variety of labor saving solutions to farmers and ag retailers.

By combining the DOT Power Platform, Smart Ag autonomous perception and path planning technology, and Raven’s core technology platforms in guidance, steering, and machine control, Raven will be able to greatly accelerate its long-term growth in Applied Technology. As it moves forward with its Raven Autonomy division, the company will expand its portfolio with new offerings to further increase the value of autonomy to end users.

READ MORE: Sony expands its Smart Agriculture solution ecosystem

“We see tremendous synergies between our current business and in the investments we have made in DOT and Smart Ag, an Iowa-based autonomy company, which we acquired last November,” says Wade Robey, executive director of Raven Autonomy. “We are very excited to be a leader in ag autonomy, and we are committed to working with our customers and partners to help bring these exciting new technologies to ag markets around the globe. Developing solutions for ag autonomy expands the total addressable market served by the Applied Technology Division by several billion dollars and positions the business for tremendous growth over the next several years.”

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