UK agtech deal made

Shepparton News - Country News - - LIVESTOCK -

In a move set to trans­form the fu­ture of dig­i­tal agri­cul­ture, United King­dom-based Wheat­sheaf Group, a lead­ing global in­vestor in and de­vel­oper of agri­cul­tural tech­nol­ogy busi­nesses, has com­pleted a $14 mil­lion trans­ac­tion for a mi­nor­ity stake in AgriWebb, Aus­tralia’s mar­ket leader in live­stock farm man­age­ment soft­ware.

The deal in­cludes AgriWebb’s ac­qui­si­tion of the UK-based live­stock and dairy soft­ware Far­mWizard from Wheat­sheaf.

With the Far­mWizard ac­qui­si­tion, AgriWebb is po­si­tioned to de­velop a more ad­vanced farm man­age­ment product suite that will con­sol­i­date Far­mWizard’s dairy and in­di­vid­ual an­i­mal man­age­ment func­tion­al­ity with AgriWebb’s ex­ist­ing cloud-based live­stock herd man­age­ment soft­ware.

With the digi­ti­sa­tion of agri­cul­ture on the rise, this product com­bi­na­tion will pro­vide the first-of-its-kind so­lu­tion for the on­go­ing needs of live­stock pro­duc­ers and sup­ply chain en­ter­prises, en­hanc­ing AgriWebb’s abil­ity to help the sec­tor be­come more ef­fi­cient, com­pet­i­tive and pro­duc­tive.

‘‘We are ex­tremely ex­cited at the op­por­tu­nity this deal presents for AgriWebb, and for the global fu­ture of dig­i­tal agri­cul­tural man­age­ment,’’ AgriWebb chief ex­ec­u­tive of­fi­cer and co-founder Kevin Baum said.

‘‘Like AgriWebb, Wheat­sheaf is com­mit­ted to mak­ing a pos­i­tive im­pact on the chal­lenges faced glob­ally in food pro­duc­tion and the ef­fi­cient use of nat­u­ral re­sources.

‘‘The AgriWebb team are proud that Wheat­sheaf has recog­nised our ex­per­tise and po­ten­tial in this field, and are com­mit­ted to in­vest­ing in Aus­tralian farm­ers.’’

We are ex­tremely ex­cited at the op­por­tu­nity this deal presents . . . and for the global fu­ture of dig­i­tal agri­cul­tural man­age­ment AgriWebb CEO Kevin Baum

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