Yara International Acquires Agronomic Technology Corp and Its Adapt-N Platform

Yara International has acquired Agronomic Technology Corp (ATC), which operates Adapt-N, as part of its strategy to invest in technology.

"ATC will help us implement our farmer-centric strategy and is an important building block in expanding our position in Digital Farming," said Terje Knutsen, Executive Vice President, Crop Nutrition, Yara, in a statement.

Yara is a global fertilizer company, based in Norway. Its largest product is nitrogen fertilizer, and the company sells other fertilizers, animal nutrition, and industrial chemical products.

Detailed monetary terms were not disclosed. Yara International senior vice president for digital farming Stefan Fürnsinn told AgFunderNews that the investment was “significant” but ”strategic.”

“It was not in the range of $1 billion to $550 million, but it was also not $1 million,” he said.

Adapt-N is nitrogen recommendation platform in the US. ATC also has N-Insight that aims to optimize fertilizer by field zones. These technology platforms combine scientific multi-variable modelling of crops, weather, and field data. Adapt-N is rooted in decades of research initiated by Cornell University, and its development involved dozens of partner organizations to verify its platform.

"We are impressed with the accuracy and quality of Adapt-N's recommendations compared to other products in the market, and are excited about the opportunities that arise from combining the highly complementary digital solutions of the two companies", said Fürnsinn in a statement.

Yara’s Digital Farming team serves customers across 160 countries. ATC has offices in New York and California’s Silicon Valley.

"Our team is excited about Yara's digital solutions and the company's genuine commitment to helping farmers improve their financial and environmental performance. Joining our advanced technology and data-driven capabilities with a leading crop nutrition company like Yara provides a tremendous opportunity to scale globally, innovate across a wider product portfolio and crop base, and maintain focus on the success and sustainability of all farmers and those who serve them," said Steve Sibulkin, CEO, ATC, in the news announcement of the merger.

Comments

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
Submitted by Bo on Sat, 02/03/2018 - 10:53

| real estate agent reviews
| big homes for sale
| homes for sales
| foreclosed homes for sale
| find real estate agent
| Charleston SC real estate
| historic homes for sale
| finding a real estate agent
| real estate agent reviews
| real estate
| top real estate agents
| real estate
| how to find a real estate agent
| houses for sale in Florida
| homes for sale
| best real estate agents
| find homes for sale
| Alaska real estate
| houses for sale
| local real estate agents
| homes for sale in Hawaii
| cheap homes for sale
| Real Estate Leads
| find a real estate agent
| real estate agent
| real estate
| contemporary homes for sale
| beach homes for sale
| houses
| realestate com| craftsman style homes for sale
| find real estate agent
| real estate
| realestate
| bay area homes for sale
| finding a real estate agent
| finding a real estate agent
| realtor leads
local-real-estate-agents.com>real estate agent
| FHA approved homes for sale
| how to find a real estate agent
| real estate agents near me
| Fannie Mae homes for sale
| home for sale
| real estate lead generation
| find real estate agent
| bank owned homes for sale
| how to choose a real estate agent
| Real Estate Leads
| Boca Raton real estate
| houses for sale near me
| Florida homes for sale
| homes for sale DC
| how to get real estate leads
| real estate
| foreclosure homes for sale
| real estate agents
| house for sale
| brand new homes for sale
| realestate com
real estate agent
| find a real estate agent
| Florida real estate
| real estate agent
| house
| find a real estate agent
| beautiful homes for sale
| Austin Texas real estate
| real estate agents near me
| country homes for sale
| top real estate agents
| homes for sale by map
| beach house for sale| realestate
| Miami real estate
| how to find a real estate agent
| local real estate agents
| how to choose a real estate agent
| beachfront homes for sale
| real estate
| Charleston real estate
| beach houses for sale
| real estate agents
| real estate agent reviews
| how to choose a real estate agent