Syngenta has entered into a binding agreement to acquire Strider, a Brazilian agtech company focused on operational management solutions for farms.
Completion of the transaction is subject to clearance by the relevant merger-control authorities. Financial terms of the transaction are not disclosed.
Strider is a leader in the Latin American digital agriculture market and the transaction will enhance Syngenta’s ability to bring greater value to customers by providing innovative digital solutions for the management of on farm information. From the monitoring of machinery and pest control to satellite imaging of the crops, Strider technologies help the producer to save costs, increase productivity and better manage processes and people.
The company began in 2013 with the mission of making agricultural management more efficient and assertive.