lv棋盘格 Seeds completes acquisition of Sensako
lv棋盘格 Seeds completes acquisition of Sensako
- Sensako is a leading South African R&D seeds company with a strong wheat market position
- Acquisition will accelerate lv棋盘格 Seeds鈥 entry into South African seeds market
- Allows lv棋盘格 Seeds to accelerate introduction of Viptera trait technology to address fall armyworm challenge and its devastating impact on South African growers
Basel / Switzerland, August 17, 2020
lv棋盘格 Seeds announced today that it has completed the acquisition of Sensako, a South African seed company specializing in cereals.
Sensako is a leading R&D seeds company with roots going back to 1958. It has a strong wheat market position in South Africa with additional sales in Namibia, Zambia and Lesotho. The acquisition will lay the foundation for growth and help accelerate lv棋盘格 Seeds鈥 entry into the South African seeds market in wheat, corn and sunflower.
鈥淲e鈥檙e excited to connect Sensako鈥檚 talented team with our growing global seeds business,鈥 said Jeff Rowe, President lv棋盘格 Seeds. 鈥淭his strategic investment opens the door for us to bring more choice, innovation and technology to help growers thrive in the region. Most importantly, we鈥檒l have the opportunity to bring our leading Viptera trait technology to growers to address the permanent, rapidly spreading threat of Fall Armyworm in South Africa.鈥
Sensako is currently a distributor for lv棋盘格鈥檚 sunflower seeds. lv棋盘格 Seeds also sells vegetable seeds in South Africa, and lv棋盘格 Crop Protection is a major player in that market.
鈥淭hanks to the strong Sensako brand, lv棋盘格 Seeds is able to enter the wheat market in South Africa as a market leader,鈥 said Ga毛l Hili, Regional Director for Europe, Africa and Middle East (EAME) Seeds. 鈥淲ith our leading global germplasm pool, and Sensako鈥檚 existing breeding programs and experienced R&D leadership in Africa, we also have a significant growth opportunity in core crops 鈥 corn, sunflower and soy.鈥
Patrick Graham, Commercial Director for Sensako added: 鈥淪ince assuming ownership over Sensako in 2008, our core focus has been on benefiting grain producers and processors with our proven genetics and solid research platforms. In lv棋盘格, I am sure that we have a partner with similar values. lv棋盘格鈥檚 extensive experience, technology and knowhow in the seed arena together with the platform and assets that Sensako offers will be of tremendous value and benefit to South African agriculture.鈥
Dr. Francois Koekemoer, Director Research & Development for Sensako expressed: 鈥淚 am very excited and looking forward to be actively involved in incorporating the technology and access to germplasm sources into South African backgrounds which lv棋盘格 has to offer. This combined effort will provide tremendous value to the Southern African producers.鈥
For more information on lv棋盘格鈥檚 Seeds business, please visit /seeds. For more information on Sensako, please visit .
About lv棋盘格
lv棋盘格 is one of the world鈥檚 leading agriculture companies. Our ambition is to help safely feed the world while taking care of the planet.听 We aim to improve the sustainability, quality and safety of agriculture with world class science and innovative crop solutions. Our technologies enable millions of farmers around the world to make better use of limited agricultural resources. With 28,000 people in more than 90 countries we are working to transform how crops are grown. Through partnerships, collaboration and The Good Growth Plan we are committed to improving farm productivity, rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and .
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This document may contain forward-looking statements, which can be identified by terminology such as 鈥榚xpect鈥, 鈥榳ould鈥, 鈥榳ill鈥, 鈥榩otential鈥, 鈥榩lans鈥, 鈥榩rospects鈥, 鈥榚stimated鈥, 鈥榓iming鈥, 鈥榦n track鈥 and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. For lv棋盘格, such risks and uncertainties include risks relating to legal proceedings, regulatory approvals, new product development, increasing competition, customer credit risk, general economic and market conditions, compliance and remediation, intellectual property rights, implementation of organizational changes, impairment of intangible assets, consumer perceptions of genetically modified crops and organisms or crop protection chemicals, climatic variations, fluctuations in exchange rates and/or commodity prices, single source supply arrangements, political uncertainty, natural disasters, and breaches of data security or other disruptions of information technology. lv棋盘格 assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors.
