Syngenta acquired Cropio Group

Syngenta and The Cropio Group announced that Syngenta completed the acquisition of all relevant assets of The Cropio Group, an Ag Tech company with a presence in over 50 countries, but with a primary focus in Eastern Europe.

Greg Meyers, Chief Information and Digital Officer, Syngenta, said, “This acquisition marks a turning point in Syngenta’s digital strategy for agriculture. Cropio is a leading player in the Eastern European digital agriculture market, and Syngenta is gaining a hub for Ag Tech innovation in Europe that will help increase farmer sustainability, productivity, efficiency and profitability. We anticipate significant opportunities for collaboration across the other Syngenta digital assets.”

The company adds that with this acquisition Syngenta will be the only agricultural company to have access to leading management platforms in the top four agriculture markets: in the United States with Land.db, Brazil with Strider, China with the Modern Agricultural Platform and now Eastern Europe with Cropio. 

Combined, more than 40 million hectares globally will be managed using a Syngenta digital tool, with a plan to double by the end of 2020.

The financial terms of the transaction are not disclosed.

NOTE: the Cropio Group is an ag tech company with approximately 35 full-time employees. The company was founded in 2014 and their customers now include some of the largest corporate agricultural holdings in Eastern Europe.