Corteva, Inc. (NYSE: CTVA), an Indianapolis-based global pure-play agriculture company, is to acquire Symborg, an expert in microbiological technologies based in Murcia, Spain.
The amount of the deal was not disclosed. Closing of the acquisition is subject to customary closing conditions. Following the close, Symborg locations in Murcia, Spain and subsidiaries in the United States, Mexico, Peru, Chile, Brazil, France, Turkey, China and Australia will become key elements of Corteva’s Biologicals Portfolio.
Corteva will leverage the combined organizations to scale up Symborg’s current solutions, as well as new products in development.
Led by Jesús Juárez, founding partner and CEO, Symborg develops, manufactures and markets innovative biostimulants and biofertilizers for all types of crops and agricultural systems, increasing nutrient use efficiency, improving crop strengthening, crop’s physiological activity and tolerance to stress, thus optimizing and increasing its harvest potential and fruit quality. It currently has offices in Spain and Portugal, France, the USA, Brazil, Mexico, Chile, Peru, Turkey China, and Australia.
Corteva is a global pure-play agriculture company that generates advantaged market preference through its distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services.
FinSMEs
26/011/2022