The deal is expected to position Syngenta Crop Protection as one of the global companies poised to shape the growing Biologicals market, which is set to be doubled in the next five years
Swiss agrichemicals company Syngenta Group announced that its subsidiary Syngenta Crop Protection has acquired biologicals group Valagro.
The financial details of the transaction have not been disclosed by the company.
With 40 years of experience as an innovation pioneer in the field of Biologicals, Valagro will continue to operate as an independent company in the market.
Through the acquisition, Syngenta’s subsidiary is expected to be positioned as one of the global companies poised to shape the growing Biologicals market that is set to be doubled in size in the next five years.
The acquisition is in line with Syngenta Crop Protection’s strategy
The company said that the deal is in line with its strategy to provide extra complementary products and technology choices to the farmers to care for their crops by managing resistance, enhancing soil health, reducing residues in crops, and addressing consumer demands.
Syngenta Global Crop Protection president Jon Parr said: “Significant levels of investment in innovations such as Biologicals are necessary in order to deliver a sustainable future and help farmers deliver a food system working in harmony with nature.
“Syngenta Crop Protection and Valagro have a foundation in science-based innovation and are eager to collaborate, share knowledge and build on each other’s capabilities.”
Headquartered in Atessa, Italy, Valagro provides a comprehensive crop portfolio in biologicals and serves customers across the world with a strong presence in Europe and North America, as well as a growing footprint in Asia, China, and LATAM.
With more than 700 employees, 13 subsidiaries and 8 production sites across the world, the company has commercial and production standing, along with an industry-leading technology and research capacity.