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Upl'S Advanta Seeds And Bunge Announce Intention To Acquire A Combined 40% Stake In Seedcorp|Ho

Nov 16, 2022about 3 years ago

Acquiring Company

Advanta

Acquired Company

A STAKE IN SEEDCORP|HO

ChesterfieldFarmingAgriculture and FarmingFood and Beverage

Description

UPL Ltd. (NSE: UPL & BSE: 512070 LSE: UPLL) ('UPL'), a global provider of sustainable agricultural solutions, today announced that its company, Advanta Seeds UK, and Bunge (NYSE: BG) have signed an agreement to acquire a 20% stake each in SEEDCORP|HO.

Company Information

Company

Advanta

About

Advanta is a global seed business adapting to rapidly increasing food insecurity and climate change by providing farmers with innovation and new technologies. As part of UPL Group, Advanta aims to deliver high quality seeds with excellent agronomic practices and crop protection solutions. Advanta operates in over 80 countries under global brands of Advanta, Alta and Pacific Seeds. Advanta holds a leadership position in tropical and sub-tropical geographies in corn, grain and forage sorghum, sunflower, canola, rice, and a variety of vegetables. With over 60 years' experience in plant genetics, Advanta provides seeds technology that ensures crop performance and farmers prosperity.

Company

Bunge Limited

Location

Chesterfield, Missouri, United States

About

Bunge Limited is a leading agribusiness and food company with integrated operations that circle the globe, stretching from the farm field to the retail shelf. The company is dedicated to providing high-quality agribusiness products and services to customers around the world.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed