BASF closes acquisition of businesses and assets from Bayer

The transaction marks BASF's entry into seeds, non-selective herbicides and nematicide seed treatments.
Top Crop Manager
Wednesday, 01 August 2018 | Mississauga, Ont.
By Top Crop Manager
BASF closed of the acquisition of a significant range of businesses and assets from Bayer, including the canola seeds business in Canada.
BASF closed of the acquisition of a significant range of businesses and assets from Bayer, including the canola seeds business in Canada. Photo courtesy of CNW Group/BASF.
Aug. 1, 2018 - BASF has closed the acquisition of a range of businesses and assets from Bayer. 

The acquisition of Bayer assets by BASF was one of the final steps before Monsanto could be fully integrated into Bayer, following Bayer's acquisition of Monsanto months ago. 

The transaction marks BASF's entry into seeds, non-selective herbicides and nematicide seed treatments. New Bayer assets will complement current BASF crop protection, biotech and digital activities. In addition, about 4,500 employees join the Agricultural Solutions team at BASF through the acquisition.

BASF signed agreements in October 2017 and April 2018 to acquire the businesses and assets Bayer offered to divest in the context of its acquisition of Monsanto, for an all-cash purchase price of €7.6 billion, subject to certain adjustments at closing. The agreements include Bayer's global glufosinate-ammonium business; seeds businesses including traits, research and breeding capabilities, and trademarks for key row crops in select markets; the vegetable seeds business; the R&D platform for hybrid wheat; a range of seed treatment products; certain glyphosate-based herbicides in Europe, used predominantly for industrial applications; the complete digital farming platform xarvioTM; as well as certain non-selective herbicide and nematicide research projects. These transactions are now completed, except for the vegetable seeds business for which closing is expected in mid-August 2018.

Customers benefit from the acquisition as they will have access to even more tools to increase their yields, crop quality and profitability, according to BASF's statement on the acquisition.

To reflect the expanded scope of its agriculture business, BASF has renamed the division from Crop Protection to Agricultural Solutions. In addition, the division has established a new global business unit for seeds and traits.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine

Latest Events

Open Farm Days
Sat Aug 18, 2018 @10:30AM - 02:00PM
Middlesex Soil and Crop Summer Tour
Tue Aug 21, 2018 @ 4:30AM - 09:00PM
OMAFRA Soil Management Day
Wed Aug 22, 2018 @ 9:00AM - 03:00PM
Hastings County Plowing Match and Farm Show
Wed Aug 22, 2018 @ 9:00AM - 05:00PM
Canada's Outdoor Farm Show
Tue Sep 11, 2018 @ 8:00AM - 05:00PM
Advancing Women in Agriculture East Conference
Sun Oct 14, 2018 @11:30AM - 05:00PM

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.