Category Archives: Exits and M&A

Merck Acquires Digital Livestock Tech Antelliq for $2.4bn in Biggest Agtech Acquisition on Record

US pharmaceutical company Merck has acquired digital livestock and animal health tech company Antelliq Group for €2.1 billion ($2.37 billion).

Antelliq manufactures sensors for animals, including ear tags for dairy cows through a product called Allflex that can monitor cows’ activity and provide traceability.

EXCLUSIVE: FluroSat Acquires ProductionWise from Australia’s GrainGrowers

FluroSat, an Australian remote sensing, and crop health software startup, has acquired ProductionWise, the digital agriculture platform of GrainGrowers, Australia’s leading grain farmer membership group.

ProductionWise, a subscription precision agriculture software service, was developed by GrainGrowers for over 10 years in consultation with its members.

Food Delivery Startups Might be Boring, But They’ve Returned 7x in Europe in 5 Years

The first wave of European food tech companies has mostly focused on building technology and logistics platforms to deliver food to consumers. And while the plethora of new food e-commerce options across the globe has caused investor fatigue and failures, the five leading food delivery companies in Europe are now worth seven times more than their combined investment, an awesome feat, according to Niccolo Manzoni, partner of agrifood tech investment firm Five Seasons Ventures.

China’s Tech Giants Drive $1.8bn Investment in Chinese AgriFood Startups – new report!

The fledgling startup industry looks different to other global markets with the vast majority of innovation and investment ($1.7 billion) taking place downstream; but China’s agrifood startup scene has something the US market does not.

Bayer CropScience CEO Discusses Post Monsanto Merger Innovation Strategy

As the eventual conclusion of Bayer’s acquisition of Monsanto draws closer, all eyes are on the German healthcare and agriculture giant to find out what the new normal will look like. In agriculture, Liam Condon, CEO of Bayer CropScience,  will have the primary role in shaping that new reality.