CNH Industrial N.V. announced yesterday that it has secured a purchase agreement for 100% of capital stock of precision agriculture technology power house Raven Industries. CNH is the global parent company of several well-known agriculture brands like Case IH Agriculture, New Holland Agriculture and Steyr, to name a few. Both companies hope to have the deal finalized by the end of the year, pending the approval of Raven shareholders and the regulatory approvals. According to company officials, the merger aligns with CNH’s digital transformation strategy which includes goals to enhance its precision farming portfolio. Find out more details of the acquisition terms.