BASF Closes On Bayer

August 2, 2018 09:55 AM
 
Calling the acquisition a “complement,” to its crop protection and biotech products, BASF has finished the acquisition of Bayer assets.

Calling the acquisition a “complement,” to its crop protection and biotech products, BASF has finished the acquisition of Bayer assets. The transaction is a benchmark for BASF entry into seeds, non-selective herbicides and nematicide seed treatments.

The $8.8 billion price tag included Bayer’s digital farming and glufosinate-ammonium business holdings, as well as Bayer’s seeds businesses (including traits, research and breeding capabilities), trademarks for key row crops, vegetable seeds business, R&D platform for hybrid wheat, and a range of seed treatment products.

Approximately 4,500 Bayer employees are joining BASF.

Marking the Bayer acquisition, BASF has changed the name of Crop Protection to Agricultural Solutions.

“This acquisition transforms BASF in agriculture. It strengthens our market position in agricultural solutions and creates new opportunities for growth,” says Saori Dubourg, a BASF member of the Board of Executive Directors responsible for Agricultural Solutions.

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