AgJunction Inc. and Novariant, Inc. have completed their merger. The merger, previously announced on March 16, 2015, gives AgJunction the intellectual rights to more than 140 patents and makes them a leader in automated steering and machine control technologies. Autosteer is being sought after at the factory level, and now the newly merged company will be able to provide advanced machine automation to its customers. In fact, AgJunction’s future goal is to become the world’s leading OEM and VAR supplier for autosteering and machine control tech in the precision ag industry.
The merger gives AgJunction the means to meet their objectives by offering a wider complementary product portfolio, increasing their global presence with more resources, providing them with a broader OEM and VAR partner list, and adding to their R&D capabilities among others.
Dave Vaughn, CEO of Novariant, will be appointed CEO of the combined company and 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.
“The merger between AgJunction and Novariant is a transformative step in our shared long-term vision to deliver best-of-breed guidance, autosteering and machine control hardware and software solutions for manufacturers and value added resellers throughout the worldwide Agriculture markets,” said Dave Vaughn, incoming CEO of AgJunction. “By combining two premier providers of advanced steering solutions for precision agriculture, we can better capitalize on the growing opportunities created by the accelerating demand for configurable precision control products and services. Combined, we are ideally positioned to serve our customers more effectively and committed to building on our market-leading solutions portfolio, creating the most compelling and comprehensive offering for both current and new customers seeking global steering control solutions and services.”