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New Deal


Announced

iFoodDecisionSciences to acquire Trimble's HarvestMark business.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Food Products

quality inspection solutions

Private

food traceability

Pending

Acquisition

Single Bidder

Majority

United States

Synopsis

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iFoodDecisionSciences, a provider of supply-chain spanning, real-time food safety and quality control software, agreed to acquire the HarvestMark business, a provider of food traceability and quality inspection solutions, from Trimble, a California-based software as a service technology company. Financial terms were not disclosed. "iFoodDS and HarvestMark have a demonstrated track record of simplifying the burdensome task of collecting and documenting process control data, which is required today in the food industry. Our years of collaborating have taken our work to the next level by providing real-time visibility throughout the supply chain. The decision to acquire HarvestMark is driven by our mission to further enable customers to minimize their supply chain risks and allow them focus on the business of growing and selling food," Diane Wetherington, iFoodDecisionSciences CEO.

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