More than 71% of the outstanding shares of Raven voted, and of the shares that voted, over 99% voted in favor of the transaction with CNH Industrial.

Dan Rykhus, Raven President & Chief Executive Officer, said,

“We thank our shareholders for their strong support of this transaction. We look forward to working with the CNH Industrial team to close the transaction.”

The transaction is expected to close in the fourth quarter of 2021, subject to approval from the Committee on Foreign Investment in the United States (CFIUS) and acceptance by the Defense Counterintelligence and Security Agency (DCSA) of a signed commitment letter.

The final voting results will be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission, after certification by Raven’s inspector of elections.

J.P. Morgan Securities LLC acted as financial advisor to Raven and Davis Polk & Wardwell LLP as its legal advisor.

Source: Raven Industries

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“Aceinna is part of two exciting market trends, autonomous driving, and vehicle electrification. Used in autonomous vehicles to ensure both accuracy and safety, high precision Inertial Measurement Unit Sensors (IMU) complement perception sensors such as imaging, radar, and LiDAR. Current sensing is another strength for Aceinna critical to power management and I’m excited to help this talented team continue its amazing growth and technology innovation in both of these segments,”

says Mr. Appelman.

According to Dr. Yang Zhao, founder, and CEO of Aceinna,

“Wade is an organized and dynamic technology executive who will be able to successfully lead the Aceinna engineering, marketing, and business teams towards our goal of making next-generation self-driving and eco-friendly vehicles a reality.”

Prior to joining Aceinna, Mr. Appelman was VP and GM of the depth-sensing division of ON Semiconductor where he led the team responsible for the adoption of low light sensors in LiDAR and successfully secured early customers designs in automotive, medical, and industrial markets for the divisions sensing product portfolio.

He joined ON Semiconductor in May 2018 through the acquisition of SensL Technologies, where he was VP of worldwide sales and marketing responsible for the company’s business strategy since 2012. 

Wade has extensive experience in both private and public sector organizations having served in senior leadership roles driving sales and marketing efforts for five venture-backed startups with total exit valuations of $900 million. Select highlights include the network processor pioneer, Sitera (acquired by Vitesse), Zagros (acquired by Altera), and Lightstorm Networks (acquired by Broadcom).

Mr. Appelman has also served in a leadership role in three publicly traded corporations. In addition to ON Semiconductor, he led product marketing for Cabletron’s $1B switches and routing division, and Vitesse Semiconductor’s product marketing and product management for the 500-employee Advanced Networking Products Division. He has a B.S. from Wagner College in New York, NY.

The post Aceinna Names Wade Appelman as President and COO appeared first on North America FarmQuip Magazine.

“Joe has a long tenure at JLG. Elevating him into this role allows us to continue meeting the growing needs of our rental and end-user customers in the East,”

says Timothy Morris, Senior Vice President of Sales, Market Development and Customer Support for the Americas, JLG.

“Joe and his team will be key contributors to the company’s business goals within the territory.”

Kleiner’s region includes the following states: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, and West Virginia. In Canada, Kleiner oversees the following provinces: New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island and Quebec.

“The heavy equipment market is constantly evolving which presents many growth opportunities,”

says Kleiner,

“to position JLG for continued success, our team is focused on understanding our customers changing needs to elevate the access industry in three key areas: productivity, safety and technology, while delivering the industry’s broadest range of life-cycle solutions including parts, service and training.”

Kleiner has been with JLG for eight years, starting off his career in the company’s sales trainee program, which included completing experienced-based training in the Sales, Marketing, Aftermarket Support & Service, Manufacturing, Parts Distribution, Transportation & Logistics, Purchasing, Warranty, Credit and Finance departments.

Prior to taking on this new role, Kleiner was a District Sales Manager in the Western Region, serving customers in Northern California and Nevada, and in the Midwest Region, servicing customers in Indiana and Illinois. Kleiner has a BS in Business Administration and an MBA from Bloomsburg University of Pennsylvania.

Source: JLG

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