This acquisition is an excellent opportunity to acquire highly attractive assets in select crops and key regions, centering on very successful seed and non-selective herbicide businesses. Both businesses are excellent fits for our existing, well-established Agricultural Solutions portfolio based on our strong crop protection business and biotechnology activities.
The acquisition marks BASF’s entry into the seed and non-selective herbicide businesses with our own proprietary assets. With this sizeable addition to our portfolio, we will be able to offer a greater choice of solutions to our customers and prove ourselves as reliable partners in a changing industry. At the same time, the acquisition will further increase and advance our touchpoints with growers.
It’s an exciting step that underscores and reinforces our long-term commitment to agriculture.