AgroKlinge is a major domestic crop protection and plant nutrition company in Peru
Adama has agreed to acquire Peruvian crop protection company AgroKlinge for an undisclosed sum.
AgroKlinge, which was established eight decades ago, is a major domestic crop protection and plant nutrition company that offers a range of crop protection, biopesticide and nutrition products.
The acquisition of AgroKlinge will help Adama expand its business in Peru
With a large customer base across the country, AgroKlinge has a significant presence in the $240m Peruvian crop protection market and focuses more on industrial farmers.
The acquisition of AgroKlinge will help Adama to further improve and expand its business in Peru, as well as access large scale industrial farmers.
Subject to customary closing conditions, the deal is expected to be completed in the coming weeks.
Adama Andean markets general manager Edgardo Iglesias said: “We welcome AgroKlinge to ADAMA and are excited to have its experienced and highly skilled team be a part of our company.
“AgroKlinge’s excellent positioning within the Peruvian market, with a wide product portfolio, strong brand and relationships with leading growers, will significantly bolster our long-term growth in the region.
“AgroKlinge is well known in Peru for its focus on differentiated products and solutions that provide added-value for farmers in various crops, which is fully aligned with ADAMA’s global strategy of portfolio differentiation.”
The partnership will develop a full-service package solution for the optimisation of farming practices and reduction of costs through precision agriculture.
Taranis is a major precision agriculture intelligence platform, which uses an advanced computer vision, data science and deep learning algorithms for the efficient monitoring of fields.
With operations in more than 100 countries, Adama provides crop protection solutions to control weeds, insects and diseases, as well as improve their yields.