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Novo Holdings and DLG Group collaborate to advance sustainable agriculture through strategic partnership

Jun 27, 2024•almost 2 years ago

Contract Type

partnership

HellerupBiotechnologyHealth CareLife Science

Description

Novo Holdings and DLG Group have announced a strategic partnership aimed at advancing sustainable agriculture and food systems. This includes Novo Holdings acquiring 25% of the shares in Sejet Plant Breeding, a leader in agricultural innovation owned by DLG Group. The goal is to scale up Sejet's existing business and invest in new technologies that can accelerate crop variety development, while also aiming to increase Sejet's market share in Europe, focusing on plant breeding to support the green transition.

Company Information

Company

Novo Holdings

Location

Hellerup, Hovedstaden, Denmark

About

Novo Holdings A/S is a leading international healthcare and life sciences investor wholly owned by the Novo Nordisk Foundation. Headquartered in Copenhagen with offices in Boston, San Francisco, and Singapore, Novo Holdings manages the assets of the Novo Nordisk Foundation with a focus on creating sustainable, long-term value. In addition to being the controlling shareholder in Novo Nordisk A/S and Novozymes A/S, Novo Holdings invests broadly in healthcare and life sciences companies at all stages of development. As a firm, Novo Holdings ultimately seeks to deliver returns that the Novo Nordisk Foundation can distribute for scientific, social, and humanitarian purposes. For more information, please visit www.novoholdings.dk.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months