倫敦和南達(dá)科他州蘇福爾斯2021年6月23日 /美通社/ -- 凱斯紐荷蘭工業(yè)集團(tuán)（紐交所:CNHI/米蘭證交所:CNHI）宣布，與美國精準(zhǔn)農(nóng)業(yè)技術(shù)領(lǐng)導(dǎo)者 Raven工業(yè)公司（納斯達(dá)克: RAVN）達(dá)成協(xié)議，以每股 58 美元的價(jià)格收購其100%股權(quán)。收購價(jià)格較 Raven工業(yè)公司 4周成交量加權(quán)平均股價(jià)溢價(jià) 33.6%，總收購金額達(dá)到21 億美元。凱斯紐荷蘭工業(yè)集團(tuán)將以現(xiàn)金方式支付本次交易。交易預(yù)計(jì)在2021年第四季度完成，取決于滿足通常的交割條件，包括獲得Raven工業(yè)公司股東和監(jiān)管機(jī)構(gòu)的批準(zhǔn)。
此次收購建立在兩家公司長期合作關(guān)系的基礎(chǔ)上，凱斯紐荷蘭工業(yè)集團(tuán)籍此將大幅增強(qiáng)在無人駕駛以及精準(zhǔn)農(nóng)業(yè)技術(shù)領(lǐng)域的創(chuàng)新能力，從而進(jìn)一步提升集團(tuán)在全球農(nóng)業(yè)機(jī)械市場的領(lǐng)先地位。
凱斯紐荷蘭工業(yè)集團(tuán)首席執(zhí)行官Scott Wine表示：“精準(zhǔn)農(nóng)業(yè)和無人駕駛是集團(tuán)戰(zhàn)略的關(guān)鍵組成部分，將幫助我們的農(nóng)業(yè)客戶提高生產(chǎn)力水平，充分發(fā)掘其生產(chǎn)潛力。數(shù)十年以來，Raven 工業(yè)是精準(zhǔn)農(nóng)業(yè)領(lǐng)域的先鋒企業(yè)，擁有深厚的產(chǎn)品積淀，以客戶為導(dǎo)向的軟件開發(fā)能力以及敏銳的工程研發(fā)能力，可以顯著提升凱斯紐荷蘭工業(yè)集團(tuán)的實(shí)力。此次收購?fù)癸@了我們提升精準(zhǔn)農(nóng)業(yè)產(chǎn)品的決心，且符合集團(tuán)的數(shù)字化轉(zhuǎn)型戰(zhàn)略。Raven工業(yè)的技術(shù)結(jié)合凱斯紐荷蘭工業(yè)集團(tuán)強(qiáng)大的現(xiàn)有產(chǎn)品和未來新產(chǎn)品，將為客戶提供新穎的互聯(lián)技術(shù)，幫助他們實(shí)現(xiàn)更高的生產(chǎn)力和效率?！?/p>
“公司董事會(huì)和管理層對這一合作及其未來的前景感到非常興奮，”Raven工業(yè)公司總裁兼首席執(zhí)行官Dan Rykhus表示，“65年來，Raven工業(yè)一直致力于應(yīng)對各種重大挑戰(zhàn)，其中就包括通過開發(fā)和投資核心能力與技術(shù)以實(shí)現(xiàn)突破性創(chuàng)新。我們相信與凱斯紐荷蘭工業(yè)集團(tuán)的合作將進(jìn)一步加快這一進(jìn)程，為客戶帶來巨大的機(jī)遇，為他們創(chuàng)造更多價(jià)值 -- 以此達(dá)成公司應(yīng)對重大挑戰(zhàn)的初心。幾十年來，Raven工業(yè)與凱斯紐荷蘭工業(yè)集團(tuán)不斷拓展合作關(guān)系，我們相互尊重，共同致力于在世界范圍內(nèi)轉(zhuǎn)變農(nóng)業(yè)生產(chǎn)方式。我們期待凱斯紐荷蘭工業(yè)集團(tuán)能充分利用Raven工業(yè)的優(yōu)秀人才、企業(yè)文化及蘇福爾斯社區(qū)，使其融入集團(tuán)愿景和未來的持續(xù)發(fā)展?！?/p>
“Raven工業(yè)的研發(fā)能力、創(chuàng)新文化、創(chuàng)業(yè)精神和工程人才都令人印象深刻，這些未來都將作為凱斯紐荷蘭工業(yè)集團(tuán)大家庭的一部分，繼續(xù)蓬勃發(fā)展。蘇福爾斯現(xiàn)在與未來都將是名副其實(shí)的卓越中心，”Scott Wine補(bǔ)充道，“我們非常高興能通過這次合作進(jìn)一步整合精準(zhǔn)農(nóng)業(yè)與無人駕駛技術(shù)，在提高客戶的生產(chǎn)力和盈利能力的同時(shí)，還能進(jìn)一步推廣更可持續(xù)、更環(huán)保的解決方案。我們的團(tuán)隊(duì)將匯聚在一起，攜手為員工、經(jīng)銷商和客戶打造一個(gè)更強(qiáng)大的企業(yè)，共同塑造農(nóng)業(yè)的未來，強(qiáng)化集團(tuán)全球領(lǐng)先的可持續(xù)企業(yè)的地位，并最大限度地創(chuàng)造增長機(jī)會(huì)?！?/p>
Raven工業(yè)總部位于美國南達(dá)科他州的蘇福爾斯，公司分為三個(gè)業(yè)務(wù)部門：應(yīng)用技術(shù)（精準(zhǔn)農(nóng)業(yè)）、工程膜（高性能特種膜）和Aerostar（航空航天）。截至到2021年1月31日的前12個(gè)月，公司合并凈銷售額為3.484億美元。 Raven工業(yè)是主要主機(jī)生產(chǎn)企業(yè)、農(nóng)業(yè)零售商和經(jīng)銷商的全球技術(shù)合作伙伴。預(yù)計(jì)2025年之前，本次收購將為凱斯紐荷蘭工業(yè)集團(tuán)產(chǎn)生約4億美元的營業(yè)收入?yún)f(xié)同效益，增加1.5億美元的息稅折舊攤銷前利潤。
Raven工業(yè)的工程膜部門和Aerostar部門分別是高性能特種膜和高空平流層平臺(tái)行業(yè)的行業(yè)領(lǐng)導(dǎo)者。凱斯紐荷蘭工業(yè)集團(tuán)認(rèn)為，兩者都是具有吸引力的獨(dú)立業(yè)務(wù)單元，有著出色近期和遠(yuǎn)期發(fā)展?jié)摿?。集團(tuán)計(jì)劃對兩個(gè)業(yè)務(wù)部門分別進(jìn)行戰(zhàn)略評(píng)估，以便更好地定位未來的發(fā)展，實(shí)現(xiàn)股東價(jià)值的最大化。
集團(tuán)預(yù)計(jì)本次收購不會(huì)對其2021年財(cái)務(wù)指引產(chǎn)生任何影響。該收購將由集團(tuán)合并現(xiàn)金(1)提供資金，不會(huì)影響集團(tuán)工業(yè)活動(dòng)產(chǎn)生的第三方債務(wù)(2)。交易的現(xiàn)金作價(jià)不包括在自由現(xiàn)金流定義中，因此不會(huì)影響2021財(cái)年的自由現(xiàn)金流指引。
本次收購，巴克萊和高盛擔(dān)任凱斯紐荷蘭工業(yè)集團(tuán)的財(cái)務(wù)顧問，Sullivan & Cromwell LLP擔(dān)任集團(tuán)的法律顧問；摩根大通證券和Davis Polk & Wardwell LLP則分別擔(dān)任Raven的財(cái)務(wù)顧問和法律顧問。
(1) 合并現(xiàn)金是指集團(tuán)的現(xiàn)金和現(xiàn)金等價(jià)物，截止2021年3月底金額為71億美元。
(2) 工業(yè)活動(dòng)第三方負(fù)債截止2021年3月底金額為63億美元。
凱斯紐荷蘭工業(yè)集團(tuán)
RAVEN
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凱斯紐荷蘭工業(yè)集團(tuán)（紐交所代碼：CNHI /米蘭證券交易所代碼：CNHI）是全球資本貨物行業(yè)的領(lǐng)軍企業(yè)之一，具備領(lǐng)先的行業(yè)經(jīng)驗(yàn)與豐富的產(chǎn)品類別，業(yè)務(wù)版圖覆蓋全球。公司旗下品牌在各行業(yè)都處于國際領(lǐng)先水平：包括農(nóng)業(yè)機(jī)械行業(yè)的Case IH（凱斯）、New Holland Agriculture（紐荷蘭） 和 Steyr （斯太爾）品牌；建筑與土方作業(yè)行業(yè)的 CASE（凱斯） 和 New Holland Construction（紐荷蘭）品牌；商用車行業(yè)的Iveco（依維柯）品牌；公交與客車行業(yè)的Iveco Bus 和 Heuliez Bus品牌；采石與工程車行業(yè)的Iveco Astra品牌；消防車行業(yè)的Magirus（馬基路斯）品牌；國防與民防車行業(yè)的Iveco Defence Vehicles品牌；以及動(dòng)力總成行業(yè)的FPT Industrial（菲亞特動(dòng)力科技）品牌。更多信息，請?jiān)L問公司網(wǎng)站： www.cnhindustrial.com
Raven 工業(yè)公司 (納斯達(dá)克: RAVN) 提供創(chuàng)新和高價(jià)值的產(chǎn)品與系統(tǒng)，應(yīng)對全球大挑戰(zhàn)。Raven是精準(zhǔn)農(nóng)業(yè)、高性能膜、航空航天和防務(wù)解決方案的行業(yè)領(lǐng)先企業(yè)，公司突破性的無人駕駛系統(tǒng)為農(nóng)業(yè)、國防和科研等領(lǐng)域提供新路徑。成立于1956年，公司設(shè)計(jì)、制造并提供優(yōu)秀的解決方案，在創(chuàng)新、產(chǎn)品質(zhì)量和服務(wù)方面贏得了優(yōu)秀口碑。更多信息請?jiān)L問公司網(wǎng)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.
