CropLogic makes first USA strategic acquisition

CropLogic, the predictive decision support system for growers based in Christchurch, New Zealand, has signed a binding terms sheet to acquire a North-West USA-based agronomy services company.

Jamie Cairns, Chief Executive Officer of CropLogic, said: "Strategic acquisitions, in addition to existing organic growth, provide CropLogic with immediate market access and acres under management and have always been part of the company’s suite of global market entry strategies.

"Not only will the acquisition provide CropLogic with revenue and immediate access to the lucrative North American agricultural industry, the nature of the business being acquired is such that it will immediately provide the company with a presence and a channel to further the grower and processor relationships in three of the key agricultural states in the USA."

"In this case, we are also lucky to be acquiring a collective 50 years of agronomic experience and expertise represented by the principals alone, who will remain in the business."

"This acquisition ticks many boxes for us and both parties are excited with the plans for the upcoming few years and we consider it demonstrates CropLogic’s ability to execute the company’s international growth strategy."

For more information:
CropLogic
Jamie Cairns, CEO
PO Box 69-250
Lincoln 7640
New Zealand
Tel +64 21 645 445
[email protected]
www.croplogic.com