KKR and Highland Europe to acquire a majority stake in smaXtec from Sophora Unternehmerkapital.

KKR, a global investment firm, and Highland Europe, a technology fund, agreed to acquire a majority stake in smaXtec, a provider of agri-tech for the global dairy industry, from Sophora Unternehmerkapital, an equity investment firm. Financial terms were not disclosed. “smaXtec’s technology has emerged as a disruptive force in the dairy industry, enabling farmers to significantly increase the efficiency of their operations. With a deeply engaged user base, high pace of product innovation and dedication to supporting its customers, smaXtec is well-positioned to continue to drive digitalization of the dairy sector globally. We are excited to support the next chapter of the company’s growth story,” Marta Szczerba, KKR Director in European Tech Growth.