伦敦和南达科他州苏福尔斯2021年6月23日 /美通社/ -- 凯斯纽荷兰工业集团（纽交所:CNHI/米兰证交所:CNHI）宣布，与美国精准农业技术领导者 Raven工业公司（纳斯达克: RAVN）达成协议，以每股 58 美元的价格收购其100%股权。收购价格较 Raven工业公司 4周成交量加权平均股价溢价 33.6%，总收购金额达到21 亿美元。凯斯纽荷兰工业集团将以现金方式支付本次交易。交易预计在2021年第四季度完成，取决于满足通常的交割条件，包括获得Raven工业公司股东和监管机构的批准。
此次收购建立在两家公司长期合作关系的基础上，凯斯纽荷兰工业集团籍此将大幅增强在无人驾驶以及精准农业技术领域的创新能力，从而进一步提升集团在全球农业机械市场的领先地位。
凯斯纽荷兰工业集团首席执行官Scott Wine表示：“精准农业和无人驾驶是集团战略的关键组成部分，将帮助我们的农业客户提高生产力水平，充分发掘其生产潜力。数十年以来，Raven 工业是精准农业领域的先锋企业，拥有深厚的产品积淀，以客户为导向的软件开发能力以及敏锐的工程研发能力，可以显著提升凯斯纽荷兰工业集团的实力。此次收购凸显了我们提升精准农业产品的决心，且符合集团的数字化转型战略。Raven工业的技术结合凯斯纽荷兰工业集团强大的现有产品和未来新产品，将为客户提供新颖的互联技术，帮助他们实现更高的生产力和效率。”
“公司董事会和管理层对这一合作及其未来的前景感到非常兴奋，”Raven工业公司总裁兼首席执行官Dan Rykhus表示，“65年来，Raven工业一直致力于应对各种重大挑战，其中就包括通过开发和投资核心能力与技术以实现突破性创新。我们相信与凯斯纽荷兰工业集团的合作将进一步加快这一进程，为客户带来巨大的机遇，为他们创造更多价值 -- 以此达成公司应对重大挑战的初心。几十年来，Raven工业与凯斯纽荷兰工业集团不断拓展合作关系，我们相互尊重，共同致力于在世界范围内转变农业生产方式。我们期待凯斯纽荷兰工业集团能充分利用Raven工业的优秀人才、企业文化及苏福尔斯社区，使其融入集团愿景和未来的持续发展。”
“Raven工业的研发能力、创新文化、创业精神和工程人才都令人印象深刻，这些未来都将作为凯斯纽荷兰工业集团大家庭的一部分，继续蓬勃发展。苏福尔斯现在与未来都将是名副其实的卓越中心，”Scott Wine补充道，“我们非常高兴能通过这次合作进一步整合精准农业与无人驾驶技术，在提高客户的生产力和盈利能力的同时，还能进一步推广更可持续、更环保的解决方案。我们的团队将汇聚在一起，携手为员工、经销商和客户打造一个更强大的企业，共同塑造农业的未来，强化集团全球领先的可持续企业的地位，并最大限度地创造增长机会。”
Raven工业总部位于美国南达科他州的苏福尔斯，公司分为三个业务部门：应用技术（精准农业）、工程膜（高性能特种膜）和Aerostar（航空航天）。截至到2021年1月31日的前12个月，公司合并净销售额为3.484亿美元。 Raven工业是主要主机生产企业、农业零售商和经销商的全球技术合作伙伴。预计2025年之前，本次收购将为凯斯纽荷兰工业集团产生约4亿美元的营业收入协同效益，增加1.5亿美元的息税折旧摊销前利润。
Raven工业的工程膜部门和Aerostar部门分别是高性能特种膜和高空平流层平台行业的行业领导者。凯斯纽荷兰工业集团认为，两者都是具有吸引力的独立业务单元，有着出色近期和远期发展潜力。集团计划对两个业务部门分别进行战略评估，以便更好地定位未来的发展，实现股东价值的最大化。
集团预计本次收购不会对其2021年财务指引产生任何影响。该收购将由集团合并现金(1)提供资金，不会影响集团工业活动产生的第三方债务(2)。交易的现金作价不包括在自由现金流定义中，因此不会影响2021财年的自由现金流指引。
本次收购，巴克莱和高盛担任凯斯纽荷兰工业集团的财务顾问，Sullivan & Cromwell LLP担任集团的法律顾问；摩根大通证券和Davis Polk & Wardwell LLP则分别担任Raven的财务顾问和法律顾问。
(1) 合并现金是指集团的现金和现金等价物，截止2021年3月底金额为71亿美元。
(2) 工业活动第三方负债截止2021年3月底金额为63亿美元。
凯斯纽荷兰工业集团
RAVEN
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凯斯纽荷兰工业集团（纽交所代码：CNHI /米兰证券交易所代码：CNHI）是全球资本货物行业的领军企业之一，具备领先的行业经验与丰富的产品类别，业务版图覆盖全球。公司旗下品牌在各行业都处于国际领先水平：包括农业机械行业的Case IH（凯斯）、New Holland Agriculture（纽荷兰） 和 Steyr （斯太尔）品牌；建筑与土方作业行业的 CASE（凯斯） 和 New Holland Construction（纽荷兰）品牌；商用车行业的Iveco（依维柯）品牌；公交与客车行业的Iveco Bus 和 Heuliez Bus品牌；采石与工程车行业的Iveco Astra品牌；消防车行业的Magirus（马基路斯）品牌；国防与民防车行业的Iveco Defence Vehicles品牌；以及动力总成行业的FPT Industrial（菲亚特动力科技）品牌。更多信息，请访问公司网站： www.cnhindustrial.com
Raven 工业公司 (纳斯达克: RAVN) 提供创新和高价值的产品与系统，应对全球大挑战。Raven是精准农业、高性能膜、航空航天和防务解决方案的行业领先企业，公司突破性的无人驾驶系统为农业、国防和科研等领域提供新路径。成立于1956年，公司设计、制造并提供优秀的解决方案，在创新、产品质量和服务方面赢得了优秀口碑。更多信息请访问公司网站 https://ravenind.com
Additional Information and Where to Find It
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. In connection with the proposed transaction, Raven Industries, Inc. (“Raven”) will file a proxy statement on Schedule 14A with the Securities and Exchange Commission (“SEC”), as well as other relevant materials regarding the transaction. Following the filing of the definitive proxy statement, Raven will mail the definitive proxy statement and a proxy card to its shareholders in connection with the transaction. INVESTORS AND SECURITY HOLDERS OF RAVEN ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT CNH INDUSTRIAL N.V. (“CNH INDUSTRIAL”), RAVEN, THE TRANSACTION AND RELATED MATTERS. Investors and security holders will be able to obtain copies of the proxy statement (when available) as well as other filings containing information about CNH Industrial and Raven, without charge, at the SEC’s website, http://www.sec.gov, and Raven stockholders will receive information at an appropriate time on how to obtain transaction-related documents free of charge from Raven.
Participants in Solicitation
Raven and its directors and executive officers, and CNH Industrial and its directors and executive officers, may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information about the directors and executive officers of Raven is set forth in the proxy statement for Raven’s 2021 Annual Meeting of Stockholders, which was filed with the SEC on April 9, 2021. Information about the directors and executive officers of CNH Industrial is set forth in CNH Industrial’s annual report on Form 20-F for the year ended December 31, 2020, which was filed with the SEC on March 3, 2021. Investors may obtain additional information regarding the interest of such participants by reading the proxy statement regarding the proposed transaction when it becomes available.
Cautionary Language Concerning Forward-Looking Statements
This document contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the proposed transaction between CNH Industrial and Raven, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, plans, objectives, expectations and intentions of the parties with respect to the transaction, CNH Industrial’s, Raven’s and/or the combined group's estimated or anticipated future business, performance and results of operations and financial condition, and other statements that are not historical facts. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on CNH Industrial’s and Raven’s current state of knowledge, expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, persons reading this communication are cautioned not to place undue reliance on them.
These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the risk that Raven stockholders may not approve the transaction; the failure to obtain necessary regulatory approvals or that such approvals will subject to conditions that are not anticipated; risks that any of the other closing conditions to the proposed transaction may not be satisfied in a timely manner; adverse effects on CNH Industrial’s or Raven’s operating results because of a failure to complete the proposed transaction; the failure to realize the expected benefits and synergies of the pending acquisition; the failure to successfully and effectively integrate Raven’s businesses; significant transaction costs and/or unknown or inestimable liabilities; risks related to potential litigation associated with the proposed transaction; risks related to financial community and rating agency perceptions of each of CNH Industrial and Raven and its business, operations, financial condition and the industry in which it operates; risks related to the disruption of management time from ongoing business operations due to the proposed merger; failure to realize the benefits expected from the proposed merger; effects of the announcement, pendency or completion of the proposed transaction on the ability of CNH Industrial or Raven to retain customers and retain and hire key personnel and maintain relationships with their suppliers, and on their operating results and businesses generally; general economic and business conditions that affect the combined companies following the consummation of the pending acquisition, including the significant economic uncertainty and volatility caused by COVID 19; changes in government policies regarding banking, monetary and fiscal policy; legislation, particularly pertaining to capital goods-related issues such as agriculture, the environment, debt relief and subsidy program policies, trade and commerce and infrastructure development; government policies on international trade and investment, including sanctions, import quotas, capital controls and tariffs; volatility in international trade caused by the imposition of tariffs, sanctions, embargoes, and trade wars; development and use of new technologies and technological difficulties; and other similar risk and uncertainties and the success of CNH Industrial and Raven in managing the risks and uncertainties involved in the foregoing. The effects of the COVID-19 pandemic may give rise to risks that are currently unknown or amplify the risks associated with the foregoing factors.
Any forward-looking statements contained in this document speak only as of the date hereof and CNH Industrial and Raven disclaim any obligation to update or revise any forward-looking statements. Further information concerning CNH Industrial and Raven and their respective businesses, including additional risks and uncertainties, are included in CNH Industrial’s reports and filings with the SEC, the Autoriteit Financiële Markten and Commissione Nazionale per le Società e la Borsa and Raven’s reports and filings with the SEC.
