Syngenta to acquire Strider
Basel, Switzerland
- Acquisition will reinforce Syngenta’s digital agriculture vision
- Leading Brazilian provider of digital management solutions on farm
Syngenta and Strider announced today that Syngenta has entered into a binding agreement to acquire Strider, a Brazilian AgTech company focused on operational management solutions for farms.
Completion of the transaction is subject to clearance by the relevant merger-control authorities. Financial terms of the transaction are not disclosed.
Strider is an important player in the Latin American digital agriculture market and the transaction will enhance Syngenta’s ability to bring greater value to customers by providing innovative digital solutions for the management of on farm information.
About Syngenta
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 27,500 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.
About Strider
Strider develops technological innovations for the agricultural market. The company was born in 2013 with the mission of making agricultural management more efficient and assertive. The company provides technological solutions which focus on the needs of producers and their teams. Strider is already a leader in agricultural technology. From the monitoring of machinery and pest control to satellite imaging of the crops, Strider technologies help the producer to save costs, increase productivity and better manage processes and people.
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This document contains forward-looking statements, which can be identified by terminology such as ‘expect’, ‘would’, ‘will’, ‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on track’ and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For Syngenta, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or commodity prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
