AGRI - This Company Looks To Change The AgTech Industry With The Help Of Some Strategic M&A
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As Christmas approaches, AgriFORCE GrowingSystems Ltd. (NASDAQ: AGRI) is looking back on a series ofexciting mergers and acquisitions (M&As) and forward to a fresh2023.
AgriFORCE isan agricultural technology company using cutting-edge innovations andleveraging a robust intellectual property (IP) portfolio to findsolutions for the future of how food is developed and grown to meetdemand from growing populations.
Thecompany has recently announced and has pending a seriesof acquisitions , including data and consulting company Delphy Group , biotech company Deroose Plants NV and IPfrom Manna Nutritional Group (MNG). Theseform part of its growth model for the future.
BuildingOn A Foundation Of Four Pillars
AgriFORCE’s clear mission to the agriculturalindustry is supported by four pillars:
1) Facility and lighting design. The company delivers controlled-environment agriculture solutionsemphasizing innovative designs. These utilize the power of naturalsunlight within a controlled facility to create optimal plant growthconditions.
2)Automation and artificial intelligence. Its facilities usecutting-edge growth technology via artificial intelligence (AI) andthe internet of things (IoT) to harness the fullest genetic potentialof the product while minimizing resources and costs.
3) Fertigation andnutrients . Channeling its technological advantage, AgriFORCE useslower feed applications for higher yields that simultaneously reduceenvironmental impact.
4) Micropropagation and genetics . Using IP, as well astissue culture developments, the company uses asexual propagation toproduce healthy and robust plants.
AgriFORCE has strengthenedits commitment to these pillars through its recent closed andpending acquisitions. The European agricultural technology (agtech)consultancy company Delphyis expected to soon join AgriFORCE, bringing its expertise ininnovation and solutions in the agricultural andcontrolled-environment sectors. Expanding the company’s globalreach, the pending Delphy acquisition will continue AgriFORCE’ssolutions development through “top-tier R&D capabilities, a morediverse product pipeline, increased IP development capabilities and abroader footprint," said AgriFORCE CEO Ingo Mueller.
The company alsoannounced acquiring food processing and development IP from MNG. This includespatent-pending technologies to increase natural grain healthiness,amplifying AgriFORCE’s commitment to providing nutrient-dense,low-impact foods. Mueller commented on the Manna IP acquisition,“This acquisition is aligned with our broader strategy of leveragingour IP to meet the growing demand for healthy, delicious andnutritious foods.”
Another company AgriFORCE has publicly announced a BindingLetter of Intent is leading tissue-culture and young plants companyDeroose Plants. This commitment strengthens the company’sposition in core markets and provides it with fresh abilities toincrease its micropropagation and genetics portfolio.
These closed (Manna) andpending (Delphy and Deroose) acquisitions represent a reinforcement ofAgriFORCE’s position in the agtech market and complement each of itsmission-driven pillars. Other companies working in the agtech spaceinclude FMC Corp. (NYSE: FMC) and Tyson Foods Inc. (NYSE: TSN).
Thecompany is excited for 2023 as it proceeds to launch its (UN)THINKfood brand of high-protein, high-fiber, low-carb grains. Anticipationof closing of announced acquisitions, paired with future M&A innext-gen proteins, the company continues its vertical integrationjourney to achieve status as agtech 2.0. AgriFORCE is focussed andexcited for further developments for 2023!
Learn more about AgriFORCE by visiting its website .
AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI; AGRIW) is anagtech company focused on building an integrated agtech platform thatcombines the best technology, intellectual property and knowledge tosolve an urgent problem – providing the best solutions to help drivesustainable crops and nutritious food for people around the world.Looking to serve the global market, the Company’s current focus ison North America, Europe and Asia. The AgriFORCE vision is to be aleader in delivering plant-based foods and products through anadvanced and sustainable agtech platform that makes positive change inthe world—from seed to table.
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