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Announced

Completed

Marrone Bio completed the acquisition of Pro Farm Technologies for $32m.

Financials

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Transaction Value£26m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

agriculture technology

Private

Finland

Biotechnology

Completed

Single Bidder

Friendly

Majority

Synopsis

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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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