AgJunction, Novariant Merger Complete

AgJunction Inc. announced last week it has completed a merger with Novariant, Inc., which had been announced in March.

In news about the completed merger, AgJunction said the deal positions the combined company as a distinguished leader in the steering and machine control technologies because of its broad intellectual property portfolio and ability to deliver application-specific solutions to precision agriculture customers.

“As global machine manufacturers increasingly target the integration of autosteer technologies at the factory level,” the announcement said, “the merged entity can provide increased support and a wider offering of advanced machine automation to current and future OEM and VAR customers.”

The combined company has 182 employees worldwide (AgJunction 130, Novariant 52) with executive offices in Fremont, Calif. Headquarters and corporate offices remain in Hiawatha, Kan., with research and development facilities in Scottsdale, Ariz., Brisbane, Australia, Fremont, and Hiawatha. The combined company also has sales and support presence in Canada, the United States, Europe, South America and China.

Dave Vaughn, CEO of Novariant, will be appointed CEO of the combined company. Former AgJunction CEO Rick Heiniger will be named Senior Project Advisor to the CEO. Jonathan Ladd will be appointed Chairman of the Board and Senior Strategic Advisor to the CEO, and Michael Lang, the current Chairman of the Board, will be appointed Vice-Chairman. Mike Manning will continue to serve as Interim Senior Vice President and CFO.

AgJunction – Member since 2004  agjunction.com  S