, Ludwigshafen, Germany, Aug 20 – BASF closes acquisition of vegetable seeds business from Bayer Today, BASF has closed the acquisition of Bayer’s global vegetable seeds business mainly operating under the brand Nunhems.
The all-cash purchase price amounts to a total of €7.6 billion, subject to certain adjustments at closing.
The transaction adds a well-recognized brand with a successful business track record to BASF’s portfolio. The acquired vegetable seeds business comprises 24 crops and about 2,600 varieties.
It also includes well-established, strong Research & Development and breeding systems with over 100 unique breeding programs in more than 15 crops.
The vegetable seeds business enhances BASF’s global offer to farmers and strengthens BASF’s seed platform complementing the recently expanded Agricultural Solutions portfolio, which includes seeds and traits, chemical and biological crop protection, soil management, plant health, pest control and digital farming.
This closing completes BASF’s acquisition of a significant range of businesses and assets with combined 2017 sales of €2.2 billion, which Bayer offered to divest in the context of its takeover of Monsanto.