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HomePosts Tagged "aquisition"
Company News, North America, Seeds, Trade, Vegetables

This acquisition will provide Syngenta an expanded portfolio to continue providing the best overall offering to serve growers of every type around the world.

Syngenta Vegetable Seeds announced that it has completed the acquisition of Feltrin Sementes, a leading Brazilian vegetable seed company serving smallholder growers and home gardeners in 40+ countries. With the growing global vegetable seeds market, the addition of Feltrin Sementes will provide Syngenta an expanded portfolio to continue providing the best overall offering to serve growers of every type around the world.

“We’re thrilled to welcome the Feltrin Sementes team to our growing vegetable seeds business,” said Matthew Johnston, Global Head of Vegetable Seeds and Flowers at Syngenta. “Their diverse customer base and special connection to growers across Latin America makes them a natural fit with our business focus on placing growers at the heart of everything we do. We look forward to helping Feltrin Sementes continue bringing innovation and value to growers.”

The Feltrin Sementes brand will remain in use, maintaining a brand that is familiar and respected by growers. Founded in 1979 and headquartered in Rio Grande do Sul in southern Brazil, Feltrin Sementes serves growers with a portfolio spanning 50+ crop segments and 500+ varieties, including coriander, pepper, lettuce and okra.

“Combining the people and portfolios of Syngenta and Feltrin Sementes is a tremendous opportunity,” said Edimilson Luiz Bagattini, Chief Executive Officer of Feltrin Sementes. “We’re excited to join Syngenta Vegetable Seeds and offer an expanded portfolio and expertise to our customers from one of the world’s leading agricultural innovation and technology companies.”

One of the first companies to breed vegetable seed varieties, Syngenta’s history in vegetable seeds dates back more than 150 years. Today, Syngenta Vegetable Seeds operates in more than 50 countries and delivers vegetable seeds to growers in 124 countries, offering nearly 2,500 commercial varieties across 30 crops. Syngenta is committed to serving growers of all sizes to help ensure access to safe, nutritious and sufficient food for people around the world, year-round.

This acquisition will provide Syngenta an expanded

Company News, Finance, India, Machinery – Post-harvesting, Trade

 As part of this acquisition, Mahindra fully bought out Omnivore’s stake in the business. This marks the agritech fund’s second exit in a little over six months.

 Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES) today signed definitive documents to increase its shareholding in MITRA Agro Equipments Private Limited (M.I.T.R.A) from the existing 47.33 per cent to 100 per cent, making it a wholly owned subsidiary of Mahindra & Mahindra Ltd. (M&M). As part of this acquisition, Mahindra fully bought out Omnivore’s stake in the business. This marks the agritech fund’s second exit in a little over six months. In August 2022, Omnivore exited aquatech startup Eruvaka after selling its stakes to Netherlands-based Nutreco.

Founded in 2012 by Devneet Bajaj, M.I.T.R.A is the Indian market leader in high precision orchard sprayers and a trusted brand for farmers growing fruits like grapes, pomegranate and oranges. The company has more than tripled its revenue from FY18 to FY22 and now employs over 200 people and has successfully started exporting its products globally. Post-acquisition by Mahindra, M.I.T.R.A plans to accelerate the expansion of its product portfolio alongside its network in India and overseas markets.

M.I.T.R.A was an early entrant in the then-nascent Indian agritech startup ecosystem. Omnivore, a venture capital firm that pioneered agritech investing in India, was one of its first institutional investors. M.I.T.R.A understood farmer needs and aspirations and built machines to automate labor-intensive farm jobs and save resources.

Dev Bajaj, Founder of M.I.T.R.A, said, “After eleven years of building a passionate team, more than ten innovative products, and a radical rural sales strategy, the journey of exiting M.I.T.R.A to M&M is gratifying. I am thankful to the M.I.T.R.A team and Omnivore for staunchly backing the vision of improving Indian agriculture with innovation.” Dev is now the Chief Strategy Officer of Dream Sports and heads one of India’s largest CVC funds, DreamCapital.

Mark Kahn, Managing Partner, Omnivore, said, “Ten years ago, Dev traded the American dream for a future building the Indian startup ecosystem, starting with M.I.T.R.A. Through Mahindra’s expansive dealer network, M.I.T.R. A’s cutting-edge technology will now be accessible to horticulture farmers across India. As the first institutional investor in the startup, this is a very proud moment for Omnivore and for agritech in India.”

Hemant Sikka, President of the Farm Equipment Sector, Mahindra & Mahindra Ltd., said, “Mahindra aims to grow its farm machinery business by 10x in 5 years and is making rapid progress towards achieving this goal. The additional share purchase in M.I.T.R.A would aid Mahindra’s growth and expansion into the growing horticulture market.”

 As part of this acquisition, Mahindra fully

Agrotech, Company News, Europe

The acquisition will allow Nouryon to expand its services and product offerings for customers in the industry

 Netherlands-based Nouryon, a global specialty chemicals leader, announced that it has completed the acquisition of ADOB, a leading supplier of chelated micronutrients, foliars and other specialty agricultural solutions headquartered in Poland.

“The acquisition of ADOB reflects Nouryon’s continued commitment to the Agriculture & Food end-market and allows Nouryon to expand its services and product offerings for customers in the industry,” said Ignacio Garin, Vice President of Agriculture and Food at Nouryon.

All business operations will transfer to Nouryon as part of the transaction which includes two manufacturing sites located in Poznań and Wrocław in Poland. Additional terms of the agreement were not disclosed.

The acquisition will allow Nouryon to expand

Agrotech, Company News, Europe, R&D

 SynTech considers this as an opportunity to offer its customers a complete package of services in Europe

Changing expectations and the transformation of the agriculture industry has driven Bayer to adapt to support farmers and agriculture as a whole. Bayer’s strategy focuses on long-term developments, technology trends and customer expectations. In line with this strategy, Bayer has announced its intention to divest the Lyon residue laboratory to an external partner, such activities being very commonly outsourced for many players in the agricultural sector.

The residue laboratory employs 15 permanent and two fixed-term employees. This team is in charge of quantifying residues of crop protection products in agricultural commodities and in toxicological studies.

SynTech Research Group is a leading global agricultural contract research, product positioning, development, registration, and market support services provider. It has over 600 experienced scientists and managers, working from a network of experimental field stations, laboratories and regulatory service locations in over 40 countries. Its rapidly expanding business provides services globally to agrochemical, bio-solutions and seeds and traits customers, based on its strengths in science, agronomy, regulatory and market experience.

SynTech Research Group considers this acquisition to be an opportunity to develop and complete its service offering for residue analysis and to offer its customers a complete package of services in Europe. Already present in USA and Brazil for residue analysis, SynTech Research Group aims to become the world leader in this activity. Through this acquisition, the Lyon laboratory holds the potential to become the European regional center of excellence for “Product Safety Services”.

Bayer thus sees SynTech Research Group as a solid potential acquirer of the Lyon Residue Analysis Laboratory. Confident in the expertise of the divested business, Bayer would become a privileged partner through the establishment of long-term collaboration contracts.

The process would take approximately six months. Over the next months, Bayer will discuss the terms of the offer with SynTech Research Group and consult with the workers councils. If these steps are successfully completed, Bayer would sign a definitive agreement with SynTech Research Group. The sale would be expected to become effective June 1, 2023, providing all necessary regulatory approvals and closing conditions are satisfied.

From the date of sale, Bayer is committed to set up post-closing agreements that would maintain operational processes and business continuity of activities. Until closing, the laboratory would continue to operate as part of Bayer, with no impact on its activities. As always, Bayer is committed to supporting the concerned employees through the upcoming changes in a spirit of fairness and consideration for all.

Due to confidentiality agreements, Bayer and SynTech Research Group cannot divulge any further details about the process.

 SynTech considers this as an opportunity

Agrotech, Company News, Finance, Foodgrains, North America, Trade, Warehousing

Through this acquisition UPL plans to advance its mission to reduce food waste and support food supply chain sustainability.

UPL Ltd. a global provider of sustainable agricultural solutions, announced that its post-harvest business, DECCO, through a subsidiary has acquired the business of TeleSense, the world’s leading provider of remote monitoring solutions for crop storage and transportation, to advance its mission to reduce food waste and support food supply chain sustainability.  TeleSense will join DECCO in the OpenAg® network, a platform pioneered by UPL, committed to Reimagining Sustainability for global agriculture.

TeleSense uses scalable sensor technology on an artificial intelligence (AI) platform to monitor temperature, humidity and carbon dioxide (CO2) levels in stored grain and other crops. It uses fixed and portable sensors to monitor the condition of stored food commodities, automates the early detection of potential issues such as hotspots, excess moisture, and pests and mitigates spoilage, quality degradation, and food waste. The TeleSense app provides users with alerts to effectively manage crop quality, reduce waste, ensure safety, and improve operational efficiency. Adding TeleSense technology to DECCO’s portfolio complements its robust range of gas monitoring, safety and detection devices as well as fumigants.

DECCO is a global leader in providing post-harvest solutions to reduce food waste and enhance the freshness of fruits and vegetables across the food supply chain. The acquisition of TeleSense follows a successful strategic collaboration formalised between UPL and TeleSense in January 2021. It continues DECCO and the wider OpenAg® network’s ongoing commitment to investing in and scaling technologies that improve food security, advance the sustainability of the sector, and reinforce farmers and grower resilience.

Jai Shroff, Global CEO of UPL Ltd., said: “The last six months have seen the challenge of food security attract global attention, but one important aspect has been overlooked: food waste. More than 1.3 billion tonnes of food are wasted every year – as much as a third of all food produced for human consumption – much of it before it reaches consumers. Our acquisition of TeleSense furthers our ability to produce constant innovation of smarter and safer solutions to minimise waste at the heart of the food system.

Naeem Zafar, the co-founder of TeleSense, Inc. said, “TeleSense’s vision was to revolutionise the way that food is stored by bringing the latest digital technologies to solve age-old problems. DECCO shares this vision, and we have seen first-hand the benefits of collaboration and of combining complimentary technological offerings.”

Through this acquisition UPL plans to advance

Company News, India

New name of future standalone company reflects commitment to partnering with customers and innovation

Bayer’s Environmental Science Professional business today announced it will become Envu as a standalone company, contingent on the successful close of Cinven’s acquisition of the business from Bayer*.  Pronounced “ehn-VIEW”, the name is derived from “environment” and “vision” and developed with input from both employees and customers around the world.

“As a trusted industry leader, we know that ensuring continued customer success requires strong partnerships and a renewed perspective,” said Gilles Galliou, president of the Environmental Science Professional business at Bayer and future CEO of the new standalone company. “That’s why Envu will be dedicated to bringing customers innovative solutions to help them push their business forward and tackle the toughest challenges our environments face today.”

Envu will work alongside customers to see challenges through their eyes, bringing together diverse points-of-view and a vision beyond chemistry.

“The fact that our new company will be focused solely on environmental science will allow us to solve problems faster, smarter and more efficiently,” said Galliou. “The challenges we solve today will help ensure a healthy future for all is clearly in view,” Galliou continued.

“We have an established track record of bringing effective, safe and sustainable solutions to customers,” said Tiffany Fremder, head of global marketing for Environmental Science. “We will continue this commitment as Envu and expand our focus on innovation to achieve long-standing environmental health and sustainability.”

From now until the divestment transaction officially closes, the organization will remain the Environmental Science Professional business of Bayer. However, the company looks forward to fully launching its new corporate identity upon the successful close, which is on track for later this year.  The business will also continue to proudly collaborate with Bayer as a standalone company.

The transaction between Bayer and Cinven is still in process. The launch of this new company and name is contingent on the deal closing.  Until such time, the Environmental Science Professional business continues to be owned by Bayer and will operate as such.

New name of future standalone company reflects

Company News, Europe, Trade

The Biolchim Group will be a key part of the strategic foundation of the Huber AgroSolutions (HAS) business unit of HEM that currently includes Miller Chemical & Fertilizer (Miller).

U S based J.M. Huber Corporation (Huber), a global, family-owned specialty engineered materials manufacturing company—announced that it has signed a binding agreement to acquire full control of the Biolchim Group from NB Renaissance, Chequers Capital and the Biolchim Group management team. The Biolchim Group, managed and headed by Galileo Quattro SARL, has its main operating base in Italy and is a leading producer and distributor of a full range of specialty plant nutrition and biostimulants. Closing of the sale, anticipated to occur by the end of 2022, is subject to customary closing conditions including the foreign direct investment approval in Italy.

All the companies in the Biolchim Group—including Biolchim S.p.A, Cifo, Ilsa S.p.A, Matécsa Kft, and West Coast Marine-Bio Processing Corp.—are within the scope of the purchase. The Biolchim Group operates eight production plants globally and its products—biostimulants, trace elements, and water soluble, liquid and foliar fertilizers—are present in over 70 countries worldwide. The Biolchim Group has a rich 50-year history of serving the agricultural industry.

Upon close of the sale, the Biolchim Group will become part of Huber Engineered Materials (HEM), a company within the Huber portfolio of businesses. The Biolchim Group will be a key part of the strategic foundation of the Huber AgroSolutions (HAS) business unit of HEM that currently includes Miller Chemical & Fertilizer (Miller).

Leonardo Valenti, CEO of the Biolchim Group since 2008 and a pioneer in the plant nutrition industry, will remain committed to lead the Biolchim Group through the next phase of growth and the integration, leveraging the synergy potential of the strategic combination of both entities.

Huber AgroSolutions’ vision is to become a leading formulator of sustainable, high-performing agricultural products globally. The acquisition of the Biolchim Group, which has achieved impressive growth due to its broad offering of biostimulant and specialty nutritional products, significantly advances this vision by bringing an innovative and entrepreneurial workforce and culture to HAS. Together the companies share a culture that is deeply committed to plant nutrition and the success of its many customers around the globe.

The complementary sales footprint of both companies will enable expanded customer and product access into key agricultural regions globally. In addition to remaining committed to serve the Biolchim Group’s existing customer base, this also ideally positions HAS to advance the sales of the Biolchim Group’s products through its strong relationships with US-based growers and its complementary distribution network in Latin America and select countries in Europe, the Middle East and Africa. The Biolchim Group’s sales channels are ideally suited to advance the sales of various Miller products via its strength in Europe and its global subsidiary network.

The Biolchim Group will be a key

Acquaculture, Company News, Finance, Start ups

Nutreco’s acquisition of Eruvaka will enable Skretting, its aquaculture business, to deliver on-farm software and smart equipment to shrimp farmers globally.

 Agritech-focused venture capital firm Omnivore announced the sale of Eruvaka to Nutreco , delivering the largest exit to date in Indian agritech.  Based in Vijayawada, Eruvaka develops cloud-based aquaculture pond management solutions, including real-time monitoring and smart feeders. Nutreco, a global leader in animal nutrition and aquaculture, acquired a majority stake in Eruvaka. Nutreco’s acquisition of Eruvaka will enable Skretting, its aquaculture business, to deliver on-farm software and smart equipment to shrimp farmers globally.

Omnivore originally invested in Eruvaka in 2013, one year after the startup was launched by Sreeram Raavi, an engineer with prior work experience in semiconductors. A true agritech pioneer, Raavi recognized that shrimp farmers globally struggled with pond management and began building IoT solutions to radically improve their profitability. Within a few years, this homegrown Andhra Pradesh startup discovered a demand for its technology solutions across multiple geographies, including Ecuador, Honduras, and Mexico. Eruvaka has been profitable since FY2018-19 and has delivered 168.5 per cent compound annual revenue growth since FY2017-18.

Commenting on the exit, Sreeram Raavi, Founder of Eruvaka said, “I am extremely grateful to my incredible team in Vijayawada, who believed in the vision and persevered to make Eruvaka a global leader in precision aquaculture technology. We are thankful to Omnivore for believing in us and guiding Eruvaka to this moment. I have absolute faith that Eruvaka will thrive under the leadership of Nutreco, bringing digitization and sustainability to aquaculture farms across the world.”

Mark Kahn, Managing Partner at Omnivore, also noted, “Eruvaka is an amazing example of Make in India, delivering cutting edge agritech solutions to aquaculture farmers globally. With Nutreco acquiring Eruvaka, the Indian agritech ecosystem has seen its first large exit, and many more will follow in the coming years. This is a very proud moment for Omnivore, for Eruvaka,  and for agritech in India.”

Nutreco CEO Fulco van Lede says, “We are grateful to everyone whose expertise and vision brought Eruvaka to where it is today. In particular, the company’s dedicated employees, its most valuable asset; its founder Sreeram Ravi, who not only invented the original concept but whose vision and drive brought it successfully to market; and aqua/agritech-focused venture capital firm Omnivore, whose early belief and investment in the company were instrumental to its growth. We are looking forward to further developing and growing Eruvaka together with its great team.”

Nutreco’s acquisition of Eruvaka will enable Skretting,

Agrotech, Company News, North America

The companies announced the signing of a definitive acquisition agreement on June 29, 2022, and have now satisfied all necessary conditions and regulatory approvals.

FMC Corporation, an agricultural sciences company, announced that it has completed the closing of its acquisition of BioPhero ApS, a Denmark-based pheromone research and production company. The companies announced the signing of a definitive acquisition agreement on June 29, 2022, and have now satisfied all necessary conditions and regulatory approvals.      

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC’s innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet.

The companies announced the signing of a

Agrotech, Company News, Japan, Trade

With this acquisition, Sumitomo aims to expand the operation’s sales territory in Brazil and achieve further business growth by linking Agro Amazonia’s extensive product portfolio

Japan based Sumitomo Corporation has reached an agreement with shareholders of Nativa Agronegócios & Representações LTDA. and Nativa Agrícola e Representação LTDA. (collectively, “Nativa”), an agricultural supplies distributor in southeastern Brazil, to acquire all shares of Nativa to make it a wholly owned subsidiary. The acquisition is through Agro Amazonia Produtos Agropecuários S.A., a wholly owned subsidiary of Sumitomo Corporation and is scheduled to be completed by the end of the 2022 fiscal year once necessary approvals from relevant authorities are obtained.

With this acquisition, Sumitomo Corporation aims to expand the operation’s sales territory in Brazil and achieve further business growth by linking Agro Amazonia’s extensive product portfolio based on its strong relationships with agrochemical suppliers with Nativa’s fertilizer development and manufacturing capabilities and new customer segments.

In its medium-term management plan “SHIFT 2023”, Sumitomo Corporation has positioned agriculture as one of its next-generation growth fields and “Agricultural Input & Service” as a steady business growth category. In the agrochemicals field, Sumitomo Corporation started its agrochemical export business in the 1970s and currently operates an import and wholesale business in 37 countries overseas. In Europe, the company has expanded its value chain by acquiring agricultural supplies distributors. In the fertilizer field, since starting the fertilizer raw material import/export business in the 1950s, Sumitomo has built an integrated business base from importing fertilizer raw materials to manufacturers and selling direct to farmers, mainly in Japan and the Asia-Oceania region.

Established in 2000, Nativa is an agricultural supplies distributor with eight locations and a fertilizer manufacturing facility in the state of Minas Gerais, located in southeastern Brazil. In addition to soybeans and corn, the state of Minas Gerais is a region where coffee, fruit tree, and vegetable cultivation and seed production are thriving, especially among small and medium-sized farmers.

Agro Amazonia has been in business since in 1983 and is one of the largest agricultural supplies distributors in the Midwest of Brazil, operating 50 outlets in eight Brazilian states, mainly in the Mato Grosso region. Sumitomo Corporation acquired full ownership of the company in 2018 and has since contributed to the expansion of Agro Amazonia’s business by leveraging its financing, procurement, and business management expertise.

With this acquisition, Sumitomo aims to expand