AgJunction to Acquire Novariant

AgJunction Inc. announced in March an agreement with Novariant Inc. to acquire Novariant through a merger transaction. The transaction is expected to be complete this summer and is subject to several conditions.

Rick Heiniger, president and CEO of AgJunction, said the merger “extends the reach and influence with which we pursue a common passion – delivering the most accurate, innovative and reliable steering solutions in the world.”

Heiniger will serve as senior advisor to the CEO after the merger. Dave Vaughn, CEO of Novariant, will be CEO of the combined company. Wes Dittmer will continue to serve as CFO of the combined company, which will employ about 200 people worldwide.

The corporation will have its headquarters in Silicon Valley with offices in Kansas, Arizona, Pennsylvania, Canada, and Australia. S