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HomePosts Tagged "acquisition"
Agribusiness, Fruits, Horticulture, India, Start ups, Trade

The acquisition will give Innoterra access to Fasal’s 85,000-acre farmer network and drive projected revenue growth of 30-35 per cent.

Swiss-Indian agri tech platform Innoterra it has acquired the fresh produce distribution business of Fasal, a precision agriculture and digital farming company, to expand its presence in Bengaluru and Chandigarh.

The acquisition will give Innoterra access to Fasal’s 85,000-acre farmer network, which is expected to double its distribution routes and drive projected revenue growth of 30-35 per cent, mentioned the company.

“We will continue pursuing strategic acquisitions to scale our business while prioritising operational efficiency and financial sustainability. By tapping into Fasal’s farmer network, particularly in bananas and pomegranates, Innoterra expects up to an 80 per cent increase in fruit distribution”, said Avinash Kasinathan Innoterra India Business Head and Managing Director.

The company plans to extend its Farmlink platform into non-perishables and staples such as rice and spices, Kasinathan added.

“This transition allows us to sharpen our focus on precision agriculture, driving smarter and more sustainable farming solutions”,said Fasal Co-Founder and CEO Shailendra Tiwari.

Following the acquisition, Fasal will focus on advancing its precision agriculture technologies and expanding farmer support initiatives. The company did not disclose the financial details of the deal.

The acquisition will give Innoterra access to

Agribusiness, Company News, Floriculture, Fruits, India, Seeds, Trade, Vegetables

As part of the acquisition, Catalyst Seeds, New World Seeds, and California Hybrids will now be part of Namdhari Seeds.

India, is a leading vegetable and flower seeds breeding company, Namdhari Seeds Private Limited announced that it has acquired US Agriseeds open field vegetable seed business from Axia Vegetable Seeds.  Through this acquisition company is strengthening our presence in North America, South America, the Middle East, Africa, and Europe.

The species include tomatoes, hot and sweet peppers, melons, watermelons, cucumbers, squash, and eggplant. Axia’s open field business in these crops is marketed under the US Agriseeds brand in North America, South America, the Middle East, Africa and Europe. Namdhari’s will continue to use the US Agriseeds brand in these markets with the existing customers and distributors. As part of the acquisition, Catalyst Seeds, New World Seeds, and California Hybrids will now be part of Namdhari Seeds.

Gurmukh Roopra, CEO of Namdhari’s Group said, “The acquisition of US Agriseeds marks a pivotal step in the Namdhari Seeds journey to expand its footprint and become a significant player in the global vegetable seeds market. Integrating the strong brand heritage of US Agriseeds with our expertise in breeding and innovation, we aim to continue to deliver customized, high-performing products to more farmers globally. This reflects our commitment to empowering growers with better choices and advancing global food security.”

Alois Van Vliet, CEO of Axia, says, ″I am pleased with this transaction as it will allow us to fully focus on our protected culture seed business globally, and we look forward to cooperating and working with Namdhari’s in the months and years ahead on production, marker technology and research. ″

Axia, based in the Netherlands, is a breeding company in vegetable seeds for heated and unheated greenhouse cultivation, with or without artificial light.

US Agriseeds is a breeding company focused on vegetable seed crops for open field cultivation. The company, founded over 20 years ago has been in highly successful in the creation and development of cucumbers, peppers, tomatoes, melons, watermelons and squash. With research locations strategically located in California, Florida and Sinaloa, Mexico, their ample research space ensures that they benefit from natural (counter) seasons and grow their crops all around the year.

As part of the acquisition, Catalyst Seeds,

Agribusiness, Agrotech, Company News, Digital Technologies, India, Start ups

Post the acquisition, DeHaat will be serving an overall base of over 12 million farmers across the country, quadrupling the farmer network benchmark it had set for itself by 2024.

 Leading AgTech platform DeHaat, announced the acquisition of Olam Agri owned AgriCentral, one of the largest farm advisory platforms in India through a Business Transfer Agreement (BTA) in an all-cash deal. This strategic acquisition of AgriCentral, a platform with over 10 million smallholder farmers, will enhance DeHaat’s bouquet of digital farmer services, extend its outreach to these farmers, and solidify its position as India’s largest full-stack AgriTech platform.

DeHaat’s acquisition of AgriCentral aligns perfectly with its mission to empower farmers in leveraging technology to enable better decision making across the crop life cycle. The integration will further strengthen DeHaat’s digital capability to offer holistic solutions across crop advisory, input supply, and market linkages. Post the acquisition, DeHaat will be serving an overall base of over 12 million farmers across the country, quadrupling the farmer network benchmark it had set for itself by 2024.

“DeHaat has successfully developed robust supply chain capabilities to offer 360-degree agricultural solutions to Indian farmers across 120,000+ villages through a network of 15,000+ DeHaat Centres. We have also established institutional tie-ups with 1,000+ agribusiness institutions, including agri-input manufacturers, agri-produce buyers, warehouse operators, and financial institutions,” said Shashank Kumar, Co-founder & CEO, DeHaat.

He added, “AgriCentral’s cost-efficient digital capabilities will complement our efforts in reaching millions of underserved farmers with our full stack agri value chain offerings. It will also enable us to introduce multiple value-added services such as precision advisory, mechanization, insurance, and cattle advisory to enhance the livelihoods of our farmers. With this integration, we reinforce our commitment to bringing transparent and direct access to farmers in the USD 500 billion Indian agriculture sector.”

Founded in 2018, AgriCentral is an Olam backed & incubated app-based platform for Indian farmers and has emerged as one of the largest digital advisory platforms with over 10 million users. The platform today serves farmers through features like real-time crop price data, personalized crop planning, crop health diagnostics and community interaction platforms. AgriCentral harnesses state of the art technologies such as global positioning, satellite imagery, big data analytics, machine learning and image analytics to usher farmers into the era of digital farming.

Commenting on the acquisition, Ramanarayanan Mahadevan, CEO, Jiva AG PTE said ‘At AgriCentral, our mission has always been to leverage technology to enhance the lives of Indian farmers, and we take immense pride in having reached over 10 million farmers through our platform. I am confident that DeHaat will further scale the impact, providing farmers on the AgriCentral platform with better access to a comprehensive range of agricultural value chain services. It is incredibly fulfilling to reflect on the role we’ve played in advancing the Indian agri-tech landscape”.

Post the acquisition, DeHaat will be serving

Agbiologicals, Agribusiness, Company News, Fungicides, India, Trade

This landmark acquisition grants Dhanuka access to markets in over 20 countries spanning from LATAM, EMEA, ASIA, and India.

India’s leading agri-input company, Dhanuka Agritech Limited, has successfully concluded its Rs 165 crore strategic acquisition deal for international rights to foray into global markets and distribution of its two prominent fungicides, Iprovalicarb and Triadinenol from Bayer AG. This landmark acquisition grants Dhanuka access to markets in over 20 countries spanning from LATAM, EMEA, ASIA, and India. Bayer AG, a global leader in agriculture input solutions and farming innovations, invented these products.

With this acquisition, Dhanuka Agritech strengthens its position as a rising player in the agri-input industry by combining trusted brands with its robust manufacturing and distribution capabilities.

This acquisition underscores Dhanuka’s ambition to transform from a domestic agrochemical leader into a globally recognized brand. Dhanuka will leverage this acquisition to tap into the pre-established customer base across multiple regions. To enhance cost efficiencies and scalability, Dhanuka plans to transition its manufacturing operations for Iprovalicarb to its Dahej facility within the next 2-3 years.

This deal also brings insights to Dhanuka’s market-driven approach. They are poised to revitalize Iprovalicarb and Triadinenol, both of which experienced a sales decline in recent years. The company’s strategy includes leveraging marketing strength and its existing distributor network to revive demand and regain market share.

“This acquisition is a turning point for Dhanuka as we enter the international markets with Bayer AG’s trusted brands. Our focus is on creating cost-effective crop solutions that resonate with farmers worldwide. In 2023 the revenue from these products was 220 crores. We are targeting an EBITDA margin of 12-15% post-integration from these products. While in FY26 the revenue generation would start in India by Q1 and is expected to expand internationally, with full control of operations by Q4.” said Harsh Dhanuka, Executive Director, Dhanuka Agritech Ltd.

Dhanuka has also shared further market insights on the two acquired ingredients that the existing market share of Iprovalicarb is 50 per cent with very limited generic competition, hence, giving them a competitive advantage. While Triadinenol has a strong foothold in the Brazilian markets with market share between 20-25 per cent. Brazil being a high-barrier market, proves to be critical for sustained growth.

Looking forward, they intend to move with a global B2B model where they collaborate with local distributors in the international markets and take advantage of Dhanuka’s existing robust network in India. This move also strengthens India’s position in the market as a hub for agrochemical production boosting the initiative of ‘Make in India’.

Dhanuka Agritech’s acquisition of Iprovalicarb and Triadimenol rights enhances its product portfolio and marks a critical step toward establishing itself as a global agrochemical powerhouse especially in horticultural crops. By aligning its operational efficiency with the products’ legacy, Dhanuka is set to deliver long-term value to farmers worldwide.

This landmark acquisition grants Dhanuka access to

Agribusiness, Company News, Farm Mechanisation, India, Machinery - Pre-harvesting, Machinery – Post-harvesting

Yanmar Agricultural Machinery India Private Limited (YAMIN) will produce combines and other agricultural machinery for the Indian market at its factory located in Morinda, Punjab.

Yanmar Holdings Co., Ltd. has completed the acquisition of CLAAS India Private Limited through its group company, Yanmar Coromandel Agrisolutions Private Limited, and has changed the company name to Yanmar Agricultural Machinery India Private Limited (YAMIN) effective November 20, 2024.

Wheeled combine harvesters will be newly added to Yanmar’s lineup. Utilising the technological expertise and know-how that Yanmar has developed, YAMIN will produce combines and other agricultural machinery for the Indian market and the global market at its factory located in Morinda, Punjab.

With beginnings in Osaka, Japan, in 1912, Yanmar was the first ever to succeed in making a compact diesel engine of a practical size in 1933. A pioneer in diesel engine technology, Yanmar is a global innovator in a wide range of industrial equipment, from small and large engines, agricultural machinery and facilities, construction equipment, energy systems, marine, to machine tools, and components — Yanmar’s global business operations span seven domains. On land, at sea, and in the city, Yanmar provides advanced solutions to the challenges customers face, towards realizing A Sustainable Future.

Yanmar Agricultural Machinery India Private Limited (YAMIN)

Agbiologicals, Agribusiness, Company News, Trade, World

Under MustGrow, this division will market and sell the existing NexusBioAg product lines, MustGrow’s owned products and technology, and potentially other third-party products.

Canada based MustGrow Biologics Corp.  announced the execution and closing of an Asset Purchase Agreement (the “APA”) with Univar Solutions Canada Ltd. for the acquisition of certain assets that represent NexusBioAg.

MustGrow’s acquisition of NexusBioAg positions the Company as a fully integrated provider of biological and regenerative agriculture solutions with a sales, marketing and distribution division in Canada and the opportunity to expand the division’s operations into the U.S. The consideration payable to Univar Solutions pursuant to the APA is (i) a deferred cash payment of approximately $1,662,000.00, subject to adjustment in accordance with the terms of the APA; and (ii) earn-out payments equal to a specified percentage amount of gross margin on certain itemized products sold by MGRO in 2025 and 2026. There are no finder fees payable in connection with the acquisition and the parties are acting at arm’s length. The TSX Venture Exchange has conditionally approved the acquisition, subject to customary post-closing requirements.

Under MustGrow, this division will market and sell the existing NexusBioAg product lines, MustGrow’s owned products and technology, and potentially other third-party products. The NexusBioAg sales and marketing team brings extensive experience in the biological and regenerative agriculture sector to MustGrow’s operations, supported by a broad industry network that is uniquely positioned to drive growth and innovation. The NexusBioAg team has well-established relationships with growers, channel partners, and industry influencers. They are adept at commercialization of new biological and regenerative products as well as at leveraging a proven business model. The Company expects significant sales synergies from the acquisition driven by enhanced market access and reduced distribution costs for MustGrow’s owned products and technology.

“This synergistic acquisition solidifies MustGrow’s position as a fully integrated biological and regenerative agriculture company with an established sales, marketing and distribution division offering the existing NexusBioAg product lines and supporting the commercialization of MustGrow’s own innovative products and technologies. Just like MustGrow’s own products and technologies, we are committed to growing the NexusBioAg division and we welcome the new team to MustGrow,” said Corey Giasson, President & CEO of MustGrow.

Under MustGrow, this division will market and

Agbiologicals, Agribusiness, Company News, Herbicides, India, Trade

 This is amongst the largest acquisitions of Crystal, which shall boost its EBITDA by 20% while bolstering its leadership in the rice herbicide market.

Crystal Crop Protection Limited, a pioneer in agricultural innovation, announced the global acquisition of the active ingredient Ethoxysulfuron from Bayer AG for sales in certain Asian countries. This acquisition mark Crystal’s 13th strategic transaction and second acquisition from Bayer after the acquisition of Indian Cotton, Pearl Millet and Mustard seed portfolio in 2021.

Backed by International Finance Corporation (IFC), Crystal Crop is an R&D-based crop solution company delivering advanced, farmer-centric solutions for over 4 decades. This is amongst the largest acquisitions of Crystal, which shall boost its EBITDA by 20 per cent while bolstering its leadership in the rice herbicide market.

The transaction brings the trusted Sunrice trademark and the mixture product containing Ethoxysulfuron, along with all registrations. Ethoxysulfuron is known for effectively controlling broad-leaved weeds and sedges in rice and cereal crops, making it a key addition to Crystal’s portfolio. The acquisition aligns with Crystal’s mission of providing cost-effective, sustainable solutions by manufacturing the product locally, resulting in enhanced cost synergies and accessibility for farmers in India, South Asia, and South-East Asia (including Vietnam, Bangladesh, Thailand, and Pakistan).

Commenting on the acquisition, Ankur Aggarwal, Managing Director, Crystal Crop Protection Limited, said: “This acquisition is a testament to our focus on strengthening our portfolio with solutions that truly make a difference to farmers’ lives. With this transaction, we are taking a step forward in empowering farmers with advanced weed management solutions. By leveraging our strong distribution network and manufacturing capabilities, we will ensure that these solutions reach farmers efficiently across India, South Asia, and South-East Asia.”

Crystal’s understanding of the rice ecosystem makes this acquisition a natural fit, enhancing its ability to support farmers with comprehensive solutions from seed to harvest. The company’s growing presence in South Asia and South-East Asia through its partnerships and acquisitions strengthens its position as a leader in the agricultural solutions market.

Crystal Crop Protection has built a reputation for driving inorganic growth through strategic acquisitions. This transaction follows the acquisition of I&B Seeds earlier in the year 2024, marking its consistent efforts to diversify and expand its offerings in crop protection, seeds, and farm mechanization. Over the years, Crystal has acquired brands from leading global players like Syngenta, FMC, Bayer, BASF and Dow-Corteva continually reinforcing its position as an industry leader.

 This is amongst the largest acquisitions of

Agbiologicals, Agribusiness, Biofertilizers, Collaborations, Company News, Fungicides, Herbicides, Investments, Opinions

Completion of the proposed acquisition of NexusBioAg would position MustGrow as a fully integrated provider of biological and regenerative agriculture solutions with a sales, marketing and distribution division in Canada

MustGrow Biologics Corp. (TSXV:MGRO) (OTC:MGROF) (FRA:0C0) (the “Company” or “MustGrow“) is pleased to announce the signing of a non-binding term-sheet (the “Term Sheet“) dated November 27, 2024 with Univar Solutions Canada Ltd. (“Univar Solutions“) for the proposed acquisition of certain assets that represent NexusBioAg (“NexusBioAg“).

This strategic acquisition remains subject to certain conditions including completion of satisfactory due diligence, the negotiation and execution of a definitive asset purchase agreement between MustGrow and Univar Solutions, and the approval by the TSX Venture Exchange (“TSXV“) and MustGrow’s Board of Directors. The purchase consideration for the proposed acquisition is anticipated to include (i) a deferred cash payment and (ii) contingent payments made in 2025 and 2026, in each case subject to certain adjustments to be agreed to in the definitive transaction documents. The parties are targeting a closing on or about December 31, 2024 for this strategic acquisition. There are no finder fees payable in connection with the proposed acquisition and the parties are acting at arm’s length.

Completion of the proposed acquisition of NexusBioAg would position MustGrow as a fully integrated provider of biological and regenerative agriculture solutions with a sales, marketing and distribution division in Canada. Under MustGrow, this division would market and sell the existing NexusBioAg product line alongside MustGrow’s owned products and technology. It is anticipated the NexusBioAg sales and marketing team would bring extensive experience in the biological and regenerative agriculture sector to MustGrow’s operations, supported by a broad industry network that is uniquely positioned to drive growth and innovation. The NexusBioAg team has well-established relationships with growers, channel partners, and influencers. They are adept in commercialization of new biological and regenerative products, leveraging a proven model that has delivered market success.

As a fully integrated agriculture biologics and regenerative agriculture company, upon closing of the proposed transaction, MustGrow would have access to NexusBioAg’s existing sales with new third party product lines anticipated in 2025 and MustGrow’s proprietary TerraMGTM expected to launch thereafter. Potential synergies are expected, driven by market access for new product development and reduced distribution costs for MustGrow’s owned products.

“This is an exciting opportunity to deliver technology driven, innovative products to farmers in Canada and ultimately the United States,” said Corey Giasson, President & CEO of MustGrow. “This synergistic acquisition would solidify MustGrow’s position as a fully integrated biological and regenerative agriculture company, with an established in-licensed third-party product line, while laying the foundation for the commercialization of MustGrow’s own innovative products.”

Completion of the proposed acquisition of NexusBioAg

Agribusiness, Company News, Floriculture, Horticulture, Seeds, Trade, Vegetables

This acquisition will enable Crystal to diversify its seeds business and strengthen its presence in the high-value vegetable and flower segments.

Crystal Crop Protection Limited has announced its 12th acquisition, acquiring I&B Seeds, a prominent player in the flower and vegetable seeds market having a leadership position in Marigold seeds with Indus and SPS brands. This acquisition will enable Crystal to diversify its seeds business and strengthen its presence in the high-value vegetable and flower segments, positioning the company as a formidable player in the industry.

By expanding into this segment, Crystal aims to provide farmers with access to high-quality vegetable and flower seeds that can enhance yield and profitability. I&B Seeds is a leader in the flower and vegetable seeds market, known for its strong focus on R&D and high-quality seed products. The company is the market leader in Marigold seeds with Indus and SPS brands and has a strong presence in Tomato, Chilies, Sweetcorn and Cucumber. With over 600+ dealers across India and export operations in countries like the United States, Egypt, Bangladesh, Thailand, and Sri Lanka, I&B Seeds has a robust global presence.

Commenting on the acquisition, Ankur Aggarwal, Managing Director of Crystal Crop Protection Limited, said, “This acquisition marks a pivotal moment in our growth strategy. At Crystal, we are deeply committed to the well-being of our farmers. By expanding into the vegetable and flower seed segments, we are not only diversifying our offerings but also enhancing our ability to provide farmers with high-quality seeds that can significantly increase their incomes. Our focus is on empowering farmers with innovative solutions that improve yields and profitability, ensuring they have access to the best resources for their cultivation needs. I&B Seed’s expertise in the flower and vegetable seeds market, combined with our strong portfolio in field crops, will allow us to better serve the agricultural community and contribute to sustainable farming practices across India.”

Crystal’s current seeds portfolio has farmer’s preferred brands like Proagro, Sadanand, Surpass, and Dairy Green across field crops like cotton, maize, pearl millet, mustard, fodder, wheat, berseem, and sorghum. With the addition of Indus and SPS Brands with the acquisition of I&B Seeds vegetable and flower segments, Crystal will further diversify its product offerings and expand its reach to more farmers. The new business is expected to boost Crystal’s seeds division, contributing to a 30 per cent increase in its topline growth.

Praveen Noojibail, Managing Director of I&B Seeds, stated, “This acquisition is a great opportunity for Crystal Seeds to combine I&B Seed’s legacy in flower and vegetable seeds with Crystal’s extensive resources and distribution network. The size and strength of Crystal will help accelerate the reach of innovative and high-quality seeds to farmers across India and beyond, ensuring better yields and profitability.”

George Ball, Chairman, W. Atlee Burpee Company and Partner in I&B Seeds, also stated that it will be a great opportunity for I&B Seed’s R&D to reach farmers at a larger level and help them produce better crops.

Artha Arbitrage Consulting, a Hyderabad-based financial consulting firm, advised I&B on this transaction.

This acquisition will enable Crystal to diversify

Agribusiness, Carbon Farming, Company News, World

With this acquisition, Sistema.bio combines its position as the largest full-service biogas company with the first biogas-specific platform for dMRV.

 Sistema.bio, a global leader in the delivery of biogas technology, financing, and services for family farmers worldwide, announced the acquisition of Inclusive Energy (IE). As a pioneer in remote sensors for biogas and solar energy systems, IE is at the forefront of digital Monitoring, Reporting and Verification (dMRV). This strategic acquisition will significantly enhance Sistema.bio’s capacity to deliver high-impact biogas solutions with improved digital MRV capabilities, benefiting farmers worldwide with better service and long-term support.

With this acquisition, Sistema.bio combines its position as the largest full-service biogas company with the first biogas-specific platform for dMRV, enabling the delivery of carbon emission reduction projects at scale with high-quality digital monitoring.

By integrating Inclusive Energy’s cutting-edge technology into Sistema.bio’s platform, the company is poised to expand its offerings and grow in the IoT and remote sensing space. This acquisition will enable Sistema.bio to better support farmers and partners with a real-time monitoring system for biogas digesters, utilizing intelligent sensing and communication tools. This will facilitate remote diagnosis, usage analytics for carbon reporting, and data insights for predictive maintenance.

Alex Eaton, CEO and co-founder of Sistema.bio, shared: “We have been thoroughly impressed by Inclusive Energy’s digital MRV platform, which we have been integrating into our biogas units as part of our global carbon emissions reduction initiatives over the past three years. This acquisition marks an exciting new phase, allowing us to accelerate both technologies to better serve farmers and reduce carbon and methane emissions.” Eaton also emphasized that integrating the two companies is a strategic move to reinforce Sistema.bio’s commitment to climate action, accelerating progress toward achieving a 1% reduction in annual global GHG emissions by 2030.

Inclusive Energy’s innovation and expertise in remote monitoring, tracking, and reporting on biogas system performance align seamlessly with Sistema.bio’s objective to provide sustainable and efficient biogas solutions to family farmers and stakeholders. The combination of both companies’ capabilities will not only improve the accuracy of carbon emission reduction reporting and enhance customer service for farmers—demonstrated through collaboration on thousands of farms to date—but will also strengthen Sistema.bio’s position as a leader in high-quality, high-integrity carbon credits.

Vijay Bhopal, CEO of Inclusive Energy, when speaking about this new alliance said: “Sistema.bio has a proven track record of commercial and technical innovation leading to real-world impact through delivery at scale. We are excited to join their mission to serve millions of farmers, and, together, to drive the biogas market forward towards its potential. With Sistema.bio we are well placed to ensure that Inclusive Energy’s digital technologies are used to improve lives and maximize credibility in the carbon markets.”

“The Sistema.bio Board of Directors supports the integration of Inclusive Energy’s dMRV technology into farmer energy transition technologies. In addition to strengthening business growth at scale, IE technology enhances farmers’ ROI from biogas and regenerative agriculture systems by ensuring the integrity of carbon impact data.” said Joyce Cacho, Independent Board Chair at Sistema.bio.

With this acquisition, Sistema.bio combines its position

Agribusiness, Company News, Finance, Fruits, India, Trade, Vegetables

The investment will accelerate Magnus Farm’s expansion, allowing it to diversify its product offerings and expand its workforce.

Magnus Farm Fresh Pvt Ltd, an Indian producer and exporter of fresh fruits and vegetables, has confirmed that Tarun Singh, MD Highbrow Securities has acquired a 3.5 per cent minority stake in the company.

Singh, a seasoned investor with over two decades of experience supporting SMEs, seeks to leverage his expertise to accelerate the company’s growth and global expansion. The partnership also includes plans for product innovation, with a potential follow-up investment of USD 3 million within the next year, underscoring Singh’s commitment to the long-term success of Magnus Farm.

The investment will accelerate Magnus Farm’s expansion, allowing it to diversify its product offerings and expand its workforce. Funds will be used to develop a processed food line including Individually Quick Frozen (IQF), frozen, and retort products, and cultivate new fruit varieties, accelerating its global export capabilities and market presence.

With a network of over 3,000 growers across Maharashtra’s prime agricultural districts including Nashik, Sangli, Solapur, Pune, Osmanabad, and Ahmednagar; Magnus Farm has established a strong presence in key global markets, such as Europe, the UK, Russia, Southeast Asia, Canada, and the Middle East, supplying fresh produce to major supermarket chains like Edeka, NETTO, Superunie, Aldi, Lidl, Rewe and X5.

India’s food processing and export industry is experiencing robust growth, driven by increasing global demand for premium-quality produce. Magnus Farm’s solid foundation and industry leadership position it well to capitalize on this momentum, making it an ideal choice for Singh’s strategic investment.

Tarun Singh said, “My decision to invest in Magnus Farm stems from the food industry’s fundamental and timeless relevance. While other sectors can be unpredictable, the food sector offers a steady, and reliable growth, akin to the tortoise’s consistent pace in the fable. Magnus Farm impressed me with its compelling valuation, strong leadership, and innovative business model. I’m confident of their potential to lead the market. With my experience in the European food sector, I look forward to supporting their global expansion and helping them unlock new opportunities internationally.”

Since its inception, Magnus Farm has achieved growth, increasing its revenue approximately 3 times from over Rs 53 crore in FY 2020-21 to R 150 crore in FY 2023-24.

“The company’s growth underscores the company’s robust expansion strategy and its ability to cater to both domestic as well as international markets and expand into high-demand regions like the Middle East and Southeast Asia,” Singh added.

This collaboration underscores Singh’s dedication to nurturing MSMEs with the potential to scale internationally/globally.

Laxman Savalkar, Founder and Director of Magnus Farm, said, “We are thrilled to welcome Tarun Singh as both an investor and strategic partner in Magnus Farm. His vast experience and deep insights will play a pivotal role as we drive forward our expansion plans and enhance our product range.

“Magnus Farms is committed to driving innovation and playing a pivotal role in India’s agriculture and food export sector by scaling to new heights in the global export market. With our association, we are excited about the next phase of growth and the opportunities that lie ahead for Magnus Farm,” Savalkar said.

As part of its growth strategy, Magnus Farm is expanding its farmer networks and integrating advanced technology to optimize crop cycles. With a plan to increase its farmer base to 10,000 in the next two years, the company aims to ensure fair pricing, timely payments, and greater transparency across its supply chain.

The investment will accelerate Magnus Farm’s expansion,

Agribusiness, Drones, India

Drone Planet’s established marketplace will now be part of AVPL, offering an even wider array of drones and parts to meet diverse needs, from agriculture to surveillance.

 AVPL International, a leader in the drone industry, announced its acquisition of Drone Planet. This strategic move is set to revolutionise the drone market by merging AVPL’s industry expertise with Drone Planet’s innovative platform.

The integration of Drone Planet into AVPL International brings several exciting enhancements. Drone Planet’s established marketplace will now be part of AVPL, offering an even wider array of drones and parts to meet diverse needs, from agriculture to surveillance. Additionally, Drone Planet’s comprehensive suite of services, including mapping, inspection, and rescue operations, will be seamlessly integrated into AVPL’s offerings, providing cutting-edge solutions across various industries. The addition of Drone Planet’s flexible loan options will make high-quality drones more accessible, simplifying the investment in advanced technology for both professionals and enthusiasts. Furthermore, Drone Planet’s job matching services will enhance AVPL’s efforts to connect skilled professionals with exciting new roles in the drone sector, broadening career possibilities. Drone Planet also offers the unique opportunity to select drone courses at affordable rates. By comparing training programmes, AVPL enhances its vision of a collaborative and collective approach, ensuring that top-notch training is accessible to a broader audience.

This acquisition marks a significant milestone for AVPL International, reinforcing its position as a key player in the drone industry. By combining resources and expertise, AVPL and Drone Planet are set to deliver unparalleled services and opportunities, shaping the future of drone technology.

Drone Planet’s established marketplace will now be

Agribusiness, Agro chems – Chemicals, Company News, India

This will help the company expand its product offerings by adding the Ethoxylation technology to its portfolio of process and batch technologies.

Godrej Industries’ Chemicals Business announced the signing of a business transfer agreement with Shree Vallabh Chemicals Unit II (Kheda), with the intention to acquire their Ethoxylation Unit II. As a leading player in Oleochemicals, Surfactants, Specialities and Biotech, this transaction will help the company expand its product offerings by adding the Ethoxylation technology to its portfolio of process and batch technologies.

Located at Kheda, Gujarat, the Shree Vallabh Ethoxylation unit II has a manufacturing capacity of 24,000 MTPA of finished products.

Vishal Sharma, Executive Director and Chief Executive Officer, Godrej Industries (Chemicals) said, “Aligned with our commitment to growth and innovation, the proposed acquisition of the unit will aid us in expanding our offerings and also cater to new applications for our customers. By enabling us to accelerate the investment timeline, we are confident that it will also provide us with various cost synergies.”

Company drives business through sustainability, customer centricity, and renewable resources-focused chemistries, with a global presence in more than 80 countries. With two manufacturing locations (Maharashtra & Gujarat) and a state-of-the-art R&D Center in India, company specialise in delivering tailored solutions to meet specific applications and performance requirements.

This will help the company expand its

Agbiologicals, Agribusiness, Company News, Fungicides, Trade, World

The acquisition is set to strengthen UPL Corp’s portfolio of solutions and leadership in the multisite fungicide market.

UPL Corporation Ltd. (UPL Corp), a global provider of holistic and sustainable agricultural solutions, announces that it has completed the acquisition of Corteva Agriscience’s solo mancozeb global fungicide business outside of China, Japan, South Korea, UK, Switzerland and EU member countries. The acquisition is set to strengthen UPL Corp’s portfolio of solutions and leadership in the multisite fungicide market, giving the company ownership of Dithane®, the original global mancozeb brand which has provided farmers with a reliable disease management solution, as well as access to Rainshield™ technology which enables crop protection in wet weather conditions.

Christina Coen, Chief Marketing Officer for UPL Corp, said “We recognize mancozeb’s vital role not just in protecting crops, but in safeguarding global food security and transforming farmer livelihoods. This acquisition cements our leadership in the multi-fungicide market and enables us to continue adding to our ever-growing portfolio of farmer-first solutions, and expanding the use of this vital molecule for years to come. We are committed to ensuring a smooth transition for all customers, and look forward to helping growers produce sustainable crop yields and future-proof food security.”

The acquisition is limited to Corteva’s solo formulations of mancozeb, with Corteva retaining ownership of premix formulations. With the deal, UPL Corp has acquired access to the full regulatory scientific dossier of mancozeb including all data, registrations, trademarks for Corteva’s solo mancozeb products, and a license to the Rainshield™ technology.

The acquisition is set to strengthen UPL