The leading agriculture company Syngenta announced that it has entered into a binding agreement to acquire Strider, a Brazilian AgTech company focused on operational management solutions for farms. Completion of the transaction is subject to clearance by the relevant merger-control authorities. Financial terms of the transaction are not disclosed. Strider is an important player in the Latin American digital agriculture market and the transaction will enhance Syngenta's ability to bring greater value to customers by providing innovative digital solutions for the management of on farm information.
Strider develops technological innovations for the agricultural market. From the monitoring of machinery and pest control to satellite imaging of the crops, Strider technologies help the producer to save costs, increase productivity and better manage processes and people.