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Announced

Completed

Berkshire Partners-backed FoodChain ID completed the acquisition of Lexagri.

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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data services

Acquisition

Completed

Friendly

France

Information / Data Services

Private

Majority

Private Equity

Single Bidder

Cross Border

Synopsis

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Berkshire Partners-backed FoodChain ID, a provider of food safety, quality and sustainability testing services, completed the acquisition of Lexagri, a provider of global agricultural data. Financial terms were not disclosed. "Lexagri’s services are focused on data enhancement, and their data harmonization processes transform raw, untreated agricultural data into standardized, validated, and accessible data sets. This expands FoodChain ID’s scope of regulatory and compliance content into crop protection and brand registration data, allowing us to serve our food customers even more effectively and to strengthen our reputation as a trusted source of data-driven, actionable insights from farm to fork,” Brad Riemenapp, FoodChain ID CEO.

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