We are advising Raven Industries on the transaction

Davis Polk is advising Raven Industries, Inc. on its $2.1 billion acquisition by CNH Industrial N.V. The transaction is expected to close in the fourth quarter of 2021, subject to the satisfaction of customary closing conditions, including approval of Raven shareholders and receipt of regulatory approvals.

Raven is a leader in precision agriculture, high-performance specialty films, and aerospace and defense solutions, and the company’s groundbreaking work in autonomous systems is unlocking new possibilities in areas like farming, national defense and scientific research. CNH Industrial is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence.

The Davis Polk corporate team includes partners George R. Bason Jr. and Darren M. Schweiger and associate Erica Che. Partner Jeffrey P. Crandall and associate Kathleen Ginder are providing executive compensation advice. Partner William A. Curran is providing tax advice. Partner Jesse Solomon and associate Andrew J. Pearlman are providing antitrust and competition advice. Partner Frank J. Azzopardi is providing intellectual property advice. Partner John B. Reynolds III is providing regulatory advice. Members of the Davis Polk team are based in the New York and Washington DC offices.