Our Acquisition – A New BASF In Agriculture
At BASF, we can now connect innovative thinking with down-to-earth action along the entire crop cycle – from seed to harvest – with an even stronger crop protection portfolio, differentiated seed and trait products, more digital tools and a growing team of experts.
This acquisition is a major milestone that strengthens our business significantly and improves our geographical coverage. It allows us to partner earlier with farmers and support them every step of the way.
Just looking at the numbers, it's clear to see the impact this acquisition has:
To put it simply, we’re ready to get to work, muddy up our boots and put innovation into action around the world.
We took an in-depth look at trends and opportunities in the agricultural industry and what they are influenced by. We also looked at our portfolio and what farmers need to be successful, today and in the future. Our goal is to even better combine innovative technologies, solutions and know-how to support farmers to grow more high-quality food more efficiently and safely. We decided that this acquisition was the best next step for BASF.
The acquisition is a targeted, strategic complement to our well-established, successful crop protection business and biotechnology activities. It increases and broadens our R&D and digital capabilities considerably, creating new opportunities for growth and innovation and strengths our overall market position and competitiveness. The new businesses bring in more than €2 billion in revenue.
The acquisition marks our entry into the seeds, non-selective herbicide and nematicide seed treatment businesses. With this sizeable addition to our portfolio, including about 4,500 new employees, we will be able to offer a greater choice of solutions to our customers and prove ourselves as a reliable, long-term partner in a changing industry.
It is an important milestone in shaping the future of BASF in agriculture and reinforces our long-term commitment to sustainable agriculture.