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Foodchain Id Acquires Lexagri

Nov 07, 2022•about 3 years ago

Acquiring Company

FoodChain ID Group

Acquired Company

Lexagri

FairfieldSupply Chain ManagementFood And BeverageAgriculture and FarmingAgriculture and Farming

Description

FoodChain ID, a leading provider of technology-enabled food safety, quality, and sustainability solutions, has acquired Lexagri International, a leader in the AgTech industry focused on verifying, harmonizing, structuring, and distributing global agricultural data. FoodChain ID is a portfolio company of Berkshire Partners.

Company Information

Company

FoodChain ID Group

Location

Fairfield, Texas, United States

About

FoodChain ID has been providing integrated food safety, quality and sustainability services to the global agrifoods industry since 1996. Serving more than 30,000 clients in over 100 countries, FoodChain ID provides expertise and technology-driven services that support the production of safe, ethical, and sustainable food throughout the world.

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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