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Article: Raven Industries to Buy Assets of Ranchview, Inc.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Raven Industries, Inc. (NASDAQ:RAVN), announced that the company entered into a purchase agreement to buy substantially all of the assets of Ranchview, Inc., a privately-held Canadian corporation. Financial terms were not disclosed. Subject to customary closing conditions, the transaction is expected to close within seven days.
Ranchview, a start-up company, develops products that use cellular networks instead of the traditional radio systems that are typically used to deliver RTK (Real Time Kinematic) corrections to GPS enabled equipment. RTK corrections improve the accuracy of GPS equipment. The network can also be used to provide high speed Internet access.
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