Raven Industries Acquires SBG Innovatie BV and Navtronics BVBA

Raven Industries, Inc. acquired SBG Innovatie BV and its affiliate, Navtronics BVBA, according to MarketWatch.com. SBG’s headquarters will become the new home office for Raven in Europe, and Raven will offer SBG products as part of a lineup of precision ag products.

SBG manufactures advanced GPS steering systems for a variety of agricultural applications, including real-time kinematic, or RTK, steering systems used to produce high-value crops.

SBG is headquartered in the Netherlands and has operations near Amsterdam and at Navtronics in Geel, Belgium. The company sells its line of GPS steering systems to 11 countries through several dealerships and OEM partners. Its 2013 sales were approximately $6 million.