Strider, an agtech pest-monitoring platform, has been acquired by agribusiness giant Syngenta for an undisclosed amount. Strider’s investors include monashees+, which led a US$3m Series A in 2016 with Qualcomm Ventures and Barn Investimentos; Barn previously invested R$2m in 2014. READ LAVCA’s interview with CEO Luiz Tagani on the opportunity for Brazil to become global market leader in agtech.
(Press Release) Syngenta and Strider announced today that 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 an important player 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.
Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 27,500 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter® at www.twitter.com/Syngenta.
Strider develops technological innovations for the agricultural market. The company was born in 2013 with the mission of making agricultural management more efficient and assertive. The company provides technological solutions which focus on the needs of producers and their teams. Strider is already a leader in agricultural technology. 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.