User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


64° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Raven Industries Expands In Europe

May 1, 2014, 1:23 PM by Angela Kennecke

Raven Industries Expands In Europe
SIOUX FALLS, SD -

Raven Industries is expanding in Europe.  The Sioux Falls-based company announced it has acquired a Netherlands company and its affiliate.  SBG manufactures advanced GPS steering systems for agriculture. 

Daniel A. Rykhus, Raven's President and Chief Executive Officer, said, "Our priorities within ATD are to drive growth through international market expansion, new products and broadening OEM relationships. We believe SBG can help further these strategies and position us for success in new markets."

SBG currently sells its line of GPS steering systems into 11 countries through several dealerships and OEM partners. SBG's 2013 sales were approximately $6 million. Raven paid $5 million at closing, with the potential for up to $2.5 million in additional earn out payments over the next 10 years.

The Netherlands headquarters will become Raven's European home office.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

Two KELOLAND Target Stores Now Open Extended Hours

8/19/2014 12:16 PM

Night owls who enjoy shopping at Target will soon have a few more hours to browse the shelves.

Full Story
SF Food Scene Gets Some National Attention

8/15/2014 8:14 PM

Sioux Falls' local flavor is getting national attention.

Full Story
Raven Balloons In Demand By Google

8/20/2014 9:10 AM

Raven Industries reports that sales for the second quarter are up to $94.5 million from $93.4 million the same time last year, due in part to Google&#...

Full Story
Sioux Falls Store Included In UPS Breach

8/21/2014 1:53 PM

If you used a credit or debit card at a UPS Store in the last seven months, some of your personal information could be a risk.  

Full Story
New CEO Of Idled Aberdeen Beef Plant Optimistic

8/17/2014 3:45 PM

The new CEO of a beef plant that has sat idle in Aberdeen since 2012 is optimistic about the facility's future.

Full Story


Events