Novo to acquire a 25% stake in Sejet Plant Breeding from DLG.

Novo, a holding and investment company, agreed to acquire a 25% stake in Sejet Plant Breeding, a contributor to agricultural innovation, developing and delivering essential genetics of field crops, from DLG, a Danish co-operative company owned by Danish farmers. Financial terms were not disclosed. “We are thrilled to announce our partnership with DLG Group, a company that has been at the forefront of agricultural innovation for more than a century. Sejet’s proven track record of innovation and profitability, coupled with its robust customer contracts, aligns perfectly with our strategic goals. The anticipated deregulation in European plant breeding presents a unique opportunity to leverage Sejet’s expertise as an innovation platform. This partnership signifies our commitment to advancing agricultural technologies to feed the world sustainably,” Aleks Engel, Novo Partner, Planetary Health Investments.