Raven Industries closes deal to acquire AgSync

Raven Industries (NASDAQ:RAVN) announced recently that it has completed the acquisition of substantially all of the assets of AgSync, Inc., headquartered in Wakarusa, Ind. This acquisition will immediately align under the company's Applied Technology division, a leading technology provider in the precision agriculture industry, and greatly enhance its Slingshot platform by delivering a seamless logistics solution for ag retailers, custom applicators and enterprise farms.

"We are pleased to officially welcome the AgSync team to the Raven family," stated Brian Meyer, Vice President and General Manager of Raven Applied Technology. "They bring a wealth of knowledge in precision ag logistics management that already compliments the Raven Slingshot solution. By further integrating our systems and expertise, Raven will be able to offer the most complete logistics solution on the market - improving the bottom-line of our core customers."

AgSync, Inc., established in 2008, has developed solutions for ag retailers, aerial applicators, forestry, seed companies and enterprise customers to overcome challenges related to managing large fleets, multiple locations, limited personnel and disconnected software systems in their operations. As AgSync has been a Raven Slingshot partner for several years, the acquisition will further integrate its capabilities into the platform and into the cabs of various application equipment.

"We are excited to join Raven on their mission to improve agricultural efficiency around the globe," commented Clay Rassi, Head of Sales for AgSync. "We are especially committed to continuing the growth and success of Slingshot, particularly its focus toward creating a stronger connection to the cab. As we join forces with Raven, our organizations are aligned on our commitment to provide outstanding quality, service and innovative solutions for our customers."