BASF closes ac­qui­si­tion of veg­etable seeds busi­ness from Bayer

Prairie Post (West Edition) - - Agriculture - CNW

On Aug. 16, BASF closed the ac­qui­si­tion of Bayer's global veg­etable seeds busi­ness, mainly op­er­at­ing un­der the brand Nun­hems®. The trans­ac­tion adds a well-rec­og­nized brand with a very suc­cess­ful busi­ness track record to BASF's port­fo­lio. The ac­quired veg­etable seeds busi­ness com­prises 24 crops and about 2,600 va­ri­eties. It also in­cludes wellestab­lished, strong R&D and breed­ing sys­tems with over 100 unique breed­ing pro­grams in more than 15 crops.

The ad­di­tion of the veg­etable seeds busi­ness en­hances BASF's global of­fer to farm­ers. It strength­ens BASF's seed plat­form and com­ple­ments the re­cently ex­panded Agri­cul­tural So­lu­tions port­fo­lio, which in­cludes seeds and traits, chem­i­cal and bi­o­log­i­cal crop pro­tec­tion, soil man­age­ment, plant health, pest con­trol and dig­i­tal farm­ing.

This clos­ing com­pletes BASF's ac­qui­si­tion of a sig­nif­i­cant range of busi­nesses and as­sets with com­bined 2017 sales of ?2.2 bil­lion, which Bayer of­fered to di­vest in the con­text of its takeover of Mon­santo. The all-cash pur­chase price amounts to a to­tal of ?7.6 bil­lion, sub­ject to cer­tain ad­just­ments at clos­ing.

In 2017, BASF di­vi­sion gen­er­ated sales of ?5.7 bil­lion. For more in­for­ma­tion, please visit www.agri­cul­ture.basf.com or any of our so­cial me­dia chan­nels.

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