Novariant, a leading provider of precision steering products for the agricultural market, today announced the closing of a $10 million debt facility from BlueCrest Capital Finance, L.P. The funds will be used to expand Novariant’s current initiatives in new product development and to support the company’s growth.
The growth strategy includes expansion of Novariant’s precision steering product line for the
growing agricultural market as well as increasing distribution into emerging markets, such as
Eastern Europe and Asia. Novariant already features industry leading precision steering
products, ParaDyme and OnTrac2 branded under AutoFarm® as well as partner brands.