Announced
Completed
Financials
Tags
Acquisition
agriculture technology
Private
Finland
Biotechnology
Completed
Single Bidder
Friendly
Majority
Synopsis
Marrone Bio, an international leader in sustainable bioprotection and plant health solutions, completed the acquisition of Pro Farm Technologies, a Finland-based agriculture technology company, for $32m. "This acquisition is an example of the kind of transformative investments that we seek to grow Marrone Bio from a product, crop and geographic perspective, and to do so in a way that can immediately accelerate our revenue growth and margin expansion. We believe acquisitions like Pro Farm will allow us to cost-effectively expand our global scale, and significantly escalate our growth trajectory," Bob Woods Marrone Bio Chairman of the Board.
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