Monsanto Company has acquired the assets of Rosetta Green Ltd. for $35 million. The Israeli crop bioengineering company specializes in identifying unique genes and developing improved plant traits for the agriculture and biofuel industries. The deal is pending government approval, according to Monsanto.
Rosetta Green was originally owned by Rosetta Genomics Ltds, but was sold in 2010. It has been reported that the company was sold to Monsanto for double the company’s market value.
Monsanto’s latest purchase comes after it recently announced the acquisition of Agradis, a privately held company focused on sustainable agriculture solutions. In this acquisition, Monsanto gained access to a collection of microbes that will improve crop productivity.